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schlumberger ltd (SLB) Details

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to oil and gas exploration and production industries worldwide. It operates through three groups: Reservoir Characterization, Drilling, and Production. The Reservoir Characterization group provides reservoir imaging, monitoring, and development services; wireline technology that offers open-hole and cased-hole services; exploration and production pressure and flow-rate measurement services; information solutions, such as software, consulting, information management, and IT infrastructure services that support oil and gas industry; data interpretation and integration services; consulting services; and industry petrotechnical training solutions. The Drilling group designs, manufactures, and markets roller cone and fixed cutter drill bits, and drilling fluid systems; geo services; supplies engineering support, directional-drilling, measurement-while-drilling, and logging-while-drilling services; provides bottom hole assembly drilling tools, borehole enlargement technologies, impact tools, and tubulars and tubular services; and dynamic pressure management solutions. The Production group provides well services comprising pressure pumping, well cementing, stimulation, and intervention; well completion services and equipment, such as packers, safety valves, and sand control technology; artificial lift; coiled tubing equipment and services; slickline services for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; subsea solutions; and geological storage solutions, including storage site characterization for carbon dioxide, as well as engages in the development, management, and environmental protection of water resources. The company has a strategic cooperation agreement with Anton Oilfield Services Group. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.

123,000 Employees
Last Reported Date: 01/31/14
Founded in 1926

schlumberger ltd (SLB) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.7M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.0M
Executive Vice President of Technology
Total Annual Compensation: $900.0K
General Counsel and Secretary
Total Annual Compensation: $750.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $727.0K
Compensation as of Fiscal Year 2013.

schlumberger ltd (SLB) Key Developments

Schlumberger wins Fracture Stimulation Services Contract for Cambay-77H

Oilex Ltd. announced that the Cambay Joint Venture has awarded the fracture stimulation programme for Cambay-77H to Schlumberger. Oilex, as Operator, will be working with Schlumberger on the fracture stimulation programme details for Cambay-77H which shall be implemented after the drilling rig has been demobilised from site. The "plug and perf" completion design incorporates the lessons learned from Cambay-76H and recommendations from the forensic engineering report. It is a simpler, more robust design consisting of four stages with two fracture initiation points in each stage representing eight fractures in the 350 metre lateral section. Subsequent to completing the four stages of fracture stimulations, the isolation plugs between the stages will be removed and Cambay-77H will then be flow tested to complete the proof of concept activities for the Cambay Joint Venture. The flow test is targeting commercial production from the first successful application of multi-staged fracture stimulated horizontal wells in India.  This technique is widely used in North America and recognised as a key enabler in the significant increase of domestic oil and gas production from tight reservoirs in the United States.

Schlumberger Limited Launches PowerDrive Orbit Rotary Steerable System

Schlumberger Limited announced the launch of the PowerDrive Orbit rotary steerable system, or RSS. The new RSS expands the operating envelope of rotary steerable technology by extending system life, delivering precise directional control, and increasing drilling efficiency. The newly designed pad actuation system, combined with real-time three-axis shock-and-vibration measurements, allows the PowerDrive Orbit RSS to withstand the most difficult drilling conditions and operate at higher rotational speeds than conventional systems. The multiaxis continuous inclination and azimuthal gamma ray capabilities reduce the uncertainty of well positioning, and enable self-steering to deliver a smoother wellbore. The PowerDrive Orbit RSS was field tested in more than 500 runs over two years in challenging onshore and offshore drilling conditions in regions that included the Middle East, US land, US Gulf of Mexico, Colombia, Mexico, China, Venezuela and the North Sea. This service is the latest addition to the PowerDrive technology RSS portfolio, which has drilled more than 135 million ft globally since the first tool was introduced sixteen years ago.

Schlumberger Limited Presents at IHS Energy CERAWeek 2014, Mar-04-2014 07:30 AM

Schlumberger Limited Presents at IHS Energy CERAWeek 2014, Mar-04-2014 07:30 AM. Venue: Hilton Americas, Houston, Texas, United States. Speakers: Patrick Schorn, President of Operations & Integration.


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