SCHLUMBERGER LIMITED

Description

Founded in 1926 by Conard Schlumberger and Marcel Schlumberger, Schlumberger Limited is a publically traded oil field services company. It is one of the largest technology providers to the oil & gas companies across the world and offer products, such as reservoir characterisation, drilling, production, digital solutions, well construction, processing, and others. With the strong team of 86,000 employees representing 160 nationalities, Schlumberger has four principle executive offices in Paris, London, Houston, and the Hague. The company’s basic principle is to communicate with its customers spread across 120 countries in their native language to achieve success in all its efforts.  

Its four main business segments are: digital & integration, reservoir performance, well construction and production system. Technology plays an important role to cover the entire life cycle of reservoirs and correspond to the markets where Schlumberger serves to provide best services to its customers.

Digital & integration division includes multiclient seismic surveys & data processing, digital solution, and asset performance solution. The reservoir performance division includes wireline, testing and stimulation and intervention.  The well construction segment comprises of drilling & measurements, drilling fluids, drill bits, drilling tools, well cementing, integrated well construction, and rigs and equipment. Production systems comprise of artificial lifts, completions equipment, Onesubsea, surface, valves and processing.

Schlumberger provide products and services from all the divisions in five basins:  Offshore Atlantic, Americas land, Asia, Russia & Central Asia and Middle East and North Africa. A basin is a single or a group of countries having same strategy, economy, technology needs.  Schlumberger change its strategy and finds future opportunities according to the basins.

In 2020, Middle East and Asia contributed 36% of the total revenue, 25% comes from Europe, CIS and Africa, North America contributed 23%, Latin America 15% and 1% by others. In 2020, the decrease in the expenditure level by Schlumberger customers due tremendous decrease in price and demand of oil and gas in the world greatly impacted the financial condition of the company.