What Does TotalEnergies (ENXTPA:TTE) Need To Prove After Its 15 Year Drilling Deal?

TotalEnergies (ENXTPA:TTE) agreed a 15 year digital drilling and engineering contract with SLB, focused on global upstream projects.

The SLB deal introduces integrated digital well planning tools that ...

Skip to navigation Skip to main content Skip to right column Yahoo Finance Sign in U.S.

markets open in 1h 13m US Markets US Markets Europe Markets Asia Markets Cryptocurrencies Rates Commodities Currencies U.S.

markets open in 1h 13m S&P Futures 7,871.00 +15.25 +0.19% Dow Futures 52,114.00 +179.00 +0.34% Nasdaq Futures 30,784.50 -7.00 -0.02% Russell 2000 Futures 2,808.40 +8.30 +0.30% 10-Yr Bond 5.22 -0.02 -0.44% VIX 15.29 +0.02 +0.13% Gold 4,168.80 -8.50 -0.20% Bitcoin USD 83,677.34 +415.34 +0.50% Crude Oil Nov 26 95.73 +1.59 +1.69% US Private Equity 10,967.34 -1.52 -0.01% ADVERTISEMENT What Does TotalEnergies (ENXTPA:TTE) Need To Prove After Its 15 Year Drilling Deal?

Bailey Pemberton Thu, October 8, 2026 at 5:27 PM PDT 3 min read TTE +0.66% NG=F -0.03% TTE +0.66% TotalEnergies (ENXTPA:TTE) agreed a 15 year digital drilling and engineering contract with SLB, focused on global upstream projects.

The SLB deal introduces integrated digital well planning tools that aim to centralise data and support drilling decisions across TotalEnergies' portfolio.

The group advanced the Absheron gas and condensate field in Azerbaijan by taking final investment decision for full field development.

The Absheron project is designed around automation and lower emission infrastructure to support regional gas supply and energy transition goals.

The SLB digital drilling agreement and Absheron field decision matter, but investors should weigh them against wider TotalEnergies risks.

Take a look at 2 warning signs (1 major) we have identified for TotalEnergies.

For a broader view on how large energy infrastructure and electrification themes are evolving, it is worth examining 43 power grid technology and infrastructure stocks .

TotalEnergies operates as an integrated energy group, producing and marketing oil, natural gas, low carbon fuels and electricity across multiple regions.

This gives it both the technical drilling expertise and gas market access to use SLB's tools and the Absheron development across its broader portfolio.

The SLB digital drilling agreement and Absheron full field build fit neatly into the existing TotalEnergies story of shifting capital toward lower cost, lower emission gas projects and heavier use of real time digital tools.

Instead of rewriting the narrative, this news mainly reinforces two existing catalysts: the push into gas and power, and the focus on digitalization and advanced process controls to support more resilient margins.

It also underlines the tension already flagged in the thesis, that larger long life gas projects and automation spend still sit against risks such as transition pressure, geopolitical exposure and the need to keep financial flexibility intact.

The clearest early proof point is execution on Absheron's next steps and the digital rollout.

Watch for TotalEnergies' project updates between now and the targeted 2029 Absheron start up, including capex guidance, progress on the four subsea wells and onshore plant, and concrete disclosures on how widely the SLB DrillPlan system is being used across the wider upstream portfolio.

TotalEnergies generates substantial cash, and there is already a grounded estimate of what those streams might justify for the whole business when lined up against today's share price.

Find out exactly what TotalEnergies is worth today based on its cash flows .

This article by Simply Wall St is general in nature.

We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.

It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation.

We aim to bring you long-term focused analysis driven by fundamental data.

Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

Simply Wall St has no position in any stocks mentioned.

Alternatively, email editorial-team@simplywallst.com Skip to navigation Skip to main content Skip to right column Yahoo Finance Sign in U.S.

markets open in 57m US Markets US Markets Europe Markets Asia Markets Cryptocurrencies Rates Commodities Currencies U.S.