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Encyclopedia > Schlumberger
Schlumberger Limited
Type Public (NYSE: SLB)
Founded 1927
Headquarters Operates in 80+ countries. Incorporated in the Netherlands Antilles with principal offices in Houston, Paris and The Hague.
Key people Chairman & CEO: Andrew Gould
EVP & CFO: Simon Ayat
CIO: Sophie Zurquiyah
CTO: Ashok Belani
Industry Oilfield Services
Products Oil field services
Revenue US$23.28 billion (2007)
Employees 80,000+ of 140+ nationalities
Website www.slb.com

Schlumberger Limited is the world's largest oilfield services corporation operating in approximately 80 countries, with about 70,000 people of 140 nationalities. Schlumberger supplies a wide range of products and services from seismic acquisition and processing; formation evaluation; well testing and directional drilling to well cementing and stimulation; artificial lift and well completions; and consulting, software and information management. Schlumberger also provide similar products and services for the groundwater industry. Schlumberger Limited, the Schlumberger brothers -- Conrad and Marcel Schlumberger -- founded the Société de Prospection Electrique that later became Schlumberger Limited. ... Image File history File links Slb_logo. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Houston redirects here. ... The Eiffel Tower has become the symbol of Paris throughout the world. ... Hague redirects here. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive redirects here. ... Andrew Gould is chairman and chief executive officer of Schlumberger Limited since 2003. ... A vice president is an officer in government or business who is next in rank below a president. ... CFO redirects here. ... The Chief Information Officer or CIO is a job title for the head of the information technology group within an organization. ... Chief Technical Officer or Chief Technology Officer, usually seen as CTO, is a business executive position whose holder is focussed on technical issues in a company. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... The United States dollar is the official currency of the United States. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Drilling rig in a small oil field Near Sarnia, Ontario, 2001 An oil field is an area with an abundance of oil wells extracting petroleum (oil) from below ground. ... Groundwater is water located beneath the ground surface in soil pore spaces and in the fractures of lithologic formations. ...

Contents

Pronunciation of the name

The company name is that of its eponymous founders, the French Alsatian Schlumberger brothers. It is pronounced [ʃlʌmbʊɹˈʒeɪ] "shlum-behr-ZHAY". An eponym is a person (real or fictitious) whose name has become identified with a particular object or activity. ... Conrad Schlumberger (2 October 1878 in Guebwiller – 9 May 1936 in Stockholm) and Marcel Schlumberger (21 June 1884 in Guebwiller – 9 May 1953 in Val-Richer) were brothers from Alsace, France (Conrad a physicist -graduated from École Polytechnique (France) in 1900- and Marcel, an engineer graduated from École Centrale Paris...


Business

Operating revenue in 2006 was US $19.23 billion with a market capitalization as of January 31, 2007, of US $74.5 billion.[1] The United States dollar, or American dollar, is the official currency of the United States. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ... is the 31st day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...


History

Schlumberger Limited began life as the Société de Prospection Électrique (Electric Prospecting Company) founded in 1926 by Conrad and Marcel Schlumberger. Prior to founding their company, the brothers had worked conducting geophysical surveys in countries such as Romania, Canada, Serbia, South Africa, the Democratic Republic of the Congo, and the United States. The newly founded SPE (not to be confused with the Society of Petroleum Engineers) sold electrical-measurement mapping services, and quickly began expanding. The company recorded the first electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927, and logged their first well in the US (in Kern County, California) in 1929. Year 1926 (MCMXXVI) was a common year starting on Friday (link will display the full calendar) of the Gregorian calendar. ... Conrad Schlumberger (2 October 1878 in Guebwiller – 9 May 1936 in Stockholm) and Marcel Schlumberger (21 June 1884 in Guebwiller – 9 May 1953 in Val-Richer) were brothers from Alsace, France (Conrad a physicist -graduated from École Polytechnique (France) in 1900- and Marcel, an engineer graduated from École Centrale Paris... Not to be confused with Republika Srpska. ... Society of Petroleum Engineers is a professional organization whose mission is to collect, disseminate, and exchange technical knowledge concerning the exploration, development and production of oil and gas resources, and related technologies for the public benefit; and to provide opportunities for professionals to enhance their technical and professional competence. ... Merkwiller-Pechelbronn is a community in Alsace, noted as the original home of oil sands mining. ... Kern County is a county located in the southern Central Valley of California. ...


In 1934, the Schlumberger Well Surveying Corporation was founded. This was later to become Schlumberger Well Services (and later Schlumberger Wireline & Testing). 1940 saw the company move its headquarters to the US oil capital, Houston, Texas. The next few decades brought numerous breakthroughs in Schlumberger's logging technology offerings, including the Microlog tool, Laterolog system, and Microlaterolog tool, the latter designed to measure resistivity near the borehole. The Ridgefield, Connecticut Research Center (Schlumberger-Doll Research or SDR) was inaugurated in 1948. Houston redirects here. ... Water borehole in northern Uganda A borehole is a deep and narrow shaft in the ground used for abstraction of fluid or gas reserves below the earths surface. ... Ridgefield is a town in Fairfield County, Connecticut, United States. ...


In 1956, the company known as Schlumberger Limited was officially set up in Curaçao as a holding company for all Schlumberger businesses. The American testing and production company Johnston Testers was acquired this year as well. 1960 marked the formation of the well-known Dowell Schlumberger (50% Schlumberger, 50% Dow Chemical), which specialized in pumping services for the oil industry. Two years later, Schlumberger Limited became listed on the New York Stock Exchange. For other uses, see Curaçao (disambiguation). ... The Dow Chemical Company (NYSE: DOW) is a multinational corporation headquartered in Midland, Michigan, USA. In terms of market capitalization, it is the second-largest chemical company in the world, smaller than only DuPont. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...


Schlumberger purchased 50% of Forex in 1964 and merged it with 50% of Languedocienne to create the Neptune Drilling Company. The first computerized reservoir analysis, SARABAND, was introduced in 1970. The remaining 50% of Forex was acquired the following year; Neptune was renamed Forex Neptune Drilling Company. In 1979, Fairchild Camera and Instrument (including Fairchild Semiconductor), became a subsidiary of Schlumberger Limited. Forex can relate to: Foreign Exchange - an abbreviation for Foreign Exchange, often used in relation to currency exchange markets. ... Fairchild Camera and Instrument was a company founded by Sherman Fairchild. ... Fairchild Semiconductor introduced the first commercially available integrated circuit (although at almost the same time as one from Texas Instruments), and would go on to become one of the major players in the evolution of Silicon Valley in the 1960s. ...

The Schlumberger Cambridge Research Centre, designed by Michael Hopkins and Partners was opened in 1985.
The Schlumberger Cambridge Research Centre, designed by Michael Hopkins and Partners was opened in 1985.

Continuing the trend of supporting high-technology solutions, Schlumberger quickly integrated e-mail into their business model, establishing the first international data links with e-mail in 1981. In 1983, Schlumberger opened their Cambridge Research Center in Cambridge, England. Image File history File links Download high resolution version (1024x647, 78 KB) Schlumberger Cambridge Research Centre. ... Image File history File links Download high resolution version (1024x647, 78 KB) Schlumberger Cambridge Research Centre. ... Wellcome Trust building on Euston Road Sir Michael Hopkins CBE (b. ... This article is about Cambridge, England; see also other places called Cambridge. ...


The SEDCO drilling rig company and half of Dowell of North America were acquired in 1984, resulting in the creation of another well-known Schlumberger trademark, the Anadrill drilling segment, a combination of Dowell and The Analysts' drilling segments. Forex Neptune was merged with SEDCO to create the Sedco Forex Drilling Company the following year, when Schlumberger purchased Merlin and 50% of GECO.


Schlumberger's Information Network, or SINet, launched in 1985, is the world's second largest internal corporate network and the first commercial ARPANet-based intranet. This article is about the year. ...


In 1987, Schlumberger completed their purchases of Neptune (North America), Bosco and Cori (Italy), and Allmess (Germany). That same year, National Semiconductor acquired Fairchild Semiconductor from Schlumberger for $122 million, and the domain name www.slb.com was registered by the company. In 1991, Schlumberger acquired PRAKLA-SEISMOS, and pioneered the use of geosteering to plan the drill path in horizontal wells. Categories: Electronics companies of the United States | Companies based in California | Corporation stubs ... The United States dollar is the official currency of the United States. ...


Schlumberger acquired the software company GeoQuest Systems, Inc. in 1992. With the purchase came the conversion of SINet to TCP/IP and www capability. The remainder of the decade saw Schlumberger buy out the petroleum division, AEG meter, and ECLIPSE reservoir study team Intera Technologies Corp. A joint venture between Schlumberger and Cable & Wireless plc saw the creation of Omnes, which today handles all of Schlumberger's internal IT business. Oilphase and Camco International were also purchased. GeoQuest, a business unit of Schlumberger, supplies geoscience, engineering, drilling and data management software products and services in the exploration and production (E&P) industry. ... The Internet protocol suite is the set of communications protocols that implement the protocol stack on which the Internet runs. ... Cable and Wireless (LSE: CW.) is a British telecommunications company. ...


In 1999, Schlumberger and Smith International created a joint venture, M-I L.L.C., the world's largest drilling fluids (or mud) company. The company consists of 60% Smith International, and 40% Schlumberger. Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies, including Schlumberger, the U.S. District Court in Washington, D.C. found Smith International Inc. and Schlumberger Ltd. guilty of criminal contempt and fined each company $750,000 and placed each company on five years probation. Both companies also agreed to pay a total of $13.1 million, representing a full disgorgement of all of the joint venture's profits during the time the companies were in contempt.[2] Smith International is a Fortune 1000 company based in Houston, Texas. ...


At the turn of the 21st century, the Geco-Prakla division was merged with Western Geophysical to create the seismic contracting company WesternGeco, of which Schlumberger held a 70% stake, the remaining 30% belonging to competitor Baker Hughes. Under new business policy, the company got rid of its famous brand names in the oilfield service industry viz, Anadrill, Dowell, GeoQuest, Geco-Prakla, Wireline & Testing in order to promote and sell its oil & gas services under the single trading name of Schlumberger Oilfield Services (OFS). Also that year, Sedco Forex was spun off, and merged with Transocean Drilling company. The company started as Geoteam-Computas Ltd. ... Western Geophysical was a company founded in California in 1933 by Henry Salvatori for the purpose of using reflection seismology to explore for petroleum. ... WesternGeco, a joint venture of Schlumberger Limited and Baker Hughes, is the worlds largest seismic contracting company. ... Baker Hughes NYSE: BHI is the worlds third-largest oil-services company behind Schlumberger and Halliburton . ... The company started as Geoteam-Computas Ltd. ... Schlumberger Oilfield Services, a division of Schlumberger Limited, is the world’s largest supplier of exploration and production (E&P) services, solutions and technology to the international petroleum industry. ...


The following year, Schlumberger acquired the IT consultancy company Sema plc for $5.2 billion. The company was an Athens 2004 Summer Olympics partner, but Schlumberger's venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $1.5 billion. That same year, the Cards division was divested through an IPO to form Axalto, which later merged with its competitor Gemplus to form Gemalto, and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions. In 2003 the Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to NPTest Holding, which later sold it to Credence. Sema Group plc was an Anglo-French IT services company founded in 1988 by the merger of the British CAP Group and the French company, Sema-Metra SA. In 2001 Sema Group plc was acquired by Schlumberger to become SchlumbergerSema. ... Atos Origin, SA (Euronext: ATO) is an international IT corporation which operates in more than 50 countries worldwide, with about 47,000 employees. ... Introduction Axalto is a smart card manufacturer with over 4,500 employees in 60 countries, one of the worlds leading providers of microprocessor cards and also a major supplier of point of sale terminals. ... Luxemburg-based Gemplus International SA was a leading provider of smart cards and related technologies, until its June 2, 2006 merger with rival Axalto; the combined entity is known as Gemalto. ... Gemalto (Euronext: GTO) is a worldwide leader in digital security with pro forma 2005 annual revenues of $2. ... Fairchild Semiconductor introduced the first commercially available integrated circuit (although at almost the same time as one from Texas Instruments), and would go on to become one of the major players in the evolution of Silicon Valley in the 1960s. ... Credence Systems Corporation is a manufacturer of test equipment for the global semiconductor industry. ...


On January 10, 2005 Schlumberger purchased Waterloo Hydrogeologic,[1] which was followed by several other groundwater industry related companies, such as Westbay Instruments, and Van Essen Instruments. is the 10th day of the year in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Waterloo Hydrogeologic, Inc. ... Groundwater is water located beneath the ground surface in soil pore spaces and in the fractures of lithologic formations. ...


In late 2006, the corporate head office moved from its previous location in New York back to Houston, Texas. In 2006, a 2 for 1 stock split was announced, effective as of March 1, 2006. Stock split refers to a corporate action that increases the number of shares in a public company. ... is the 60th day of the year (61st in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


On April 21, 2006, Schlumberger purchased of the remaining 30% stake in WesternGeco from Baker Hughes for US$2.4 billion. is the 111th day of the year (112th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... WesternGeco, a joint venture of Schlumberger Limited and Baker Hughes, is the worlds largest seismic contracting company. ... Baker Hughes NYSE: BHI is the worlds third-largest oil-services company behind Schlumberger and Halliburton . ... The United States dollar is the official currency of the United States. ...


In 2006, Schlumberger built a new research facility in Cambridge, Massachusetts to replace the Ridgefield, Connecticut research center. The move was completed at the end of 2006. The new facility joins the other research centers operated by the company in Cambridge, England; Moscow, Russia; Stavanger, Norway; and Dhahran, Saudi Arabia. Location in Middlesex County in Massachusetts Coordinates: , Country State County Middlesex Settled 1630 Incorporated 1636 Government  - Type Mayor-City Council  - Mayor Kenneth Reeves (D) Area  - Total 7. ... Ridgefield is a town in Fairfield County, Connecticut, United States. ... This article is about Cambridge, England; see also other places called Cambridge. ... Saint Basils Cathedral Moscow (Russian/Cyrillic: Москва́, pronounciation: Moskva), capital of Russia, located on the river Moskva, and encompassing 878. ... Stavanger is a city and municipality in the county of Rogaland, Norway, located on the southwest coast of Norway. ... Road to Dhahran (Picture taken from Khobar way) Dhahran ([[Arabic language الظهران al-Dahrān), or Dharan is a city in Saudi Arabia. ...


Management

WesternGeco
Oilfield Services
  • Chakib Sbiti — Executive Vice President
  • Mark Corrigan — Vice President - Operations
Oilfield Services (Areas)
  • Antonio Campo Mejia — President - Latin America
  • Bill Coates — President - North America
  • Maurice Dijols — President - Russia
  • Satish Pai — President - Europe, Caspian & Africa
  • Zaki Selim — President - Middle East & Asia
Oilfield Services (Technologies)
  • Imran Kizilbash — President - Reservoir Characterization Group
  • Jean-Francois Poupeau — President - Drilling & Measurements
  • Mario Ruscev — President - Testing
  • Charles Woodburn — President - Wireline
  • Doug Pferdehirt — President - Reservoir Production Group
  • Belgacem Chariag — President - Well Services
  • Patrick Schorn — President - Completions
  • Don Sweet — President - Artificial Lift
  • Jeff Spath — President - Reservoir Management Group
  • Miguel Galuccio — President - IPM
  • Chris Hopkins — President - Data & Consulting Services
  • Olivier Le Peuch — President - Schlumberger Information Solutions

[2] Andrew Gould is chairman and chief executive officer of Schlumberger Limited since 2003. ... Chief Executive redirects here. ... CFO redirects here. ... The Chief Information Officer or CIO is a job title for the head of the information technology group within an organization. ... Chief Technical Officer or Chief Technology Officer, usually seen as CTO, is a business executive position whose holder is focussed on technical issues in a company. ... WesternGeco, a joint venture of Schlumberger Limited and Baker Hughes, is the worlds largest seismic contracting company. ... Dalton Boutté is the president of WesternGeco, the worlds largest seismic company. ...


References

  1. ^ Waterloo Hydrogeologic Inc, - Schlumberger Press Release
  2. ^ Schlumberger, Executive Management

See also

The list of oilfield service companies includes companies that provide services to the petroleum exploration and production industry but that do not typically produce petroleum themselves. ...

External links

The Handbook of Texas (ISBN 0-87611-151-7) is a comprehensive encyclopedia of Texas geography, history, and historical persons published jointly by the Texas State Historical Association (TSHA) and the General Libraries at the University of Texas at Austin. ...

  Results from FactBites:
 
Schlumberger, Careers (250 words)
You'll follow in the tradition of our founders, Conrad and Marcel Schlumberger, who transformed the energy industry with the revolutionary idea of using electrical measurements to map subsurface rock formations.
Schlumberger engineers recorded the first electrical resistivity well log in Pechelbronn, France in September 1927.
Their pioneering attitude has been the foundation of our success for almost 80 years, and why today Schlumberger is the world's leading oilfield services company.
Handbook of Texas Online: (1416 words)
Schlumberger is noted for its decentralized management style and the autonomy extended to its field engineers.
Schlumberger was founded as the Société de Prospection Electrique by brothers Conrad and Marcel Schlumberger and their father Paul in 1919.
Schlumberger's most profitable division, North American Wireline Operations, was established in Houston in 1946 and led by Pierre Schlumberger, Marcel's only son.
  More results at FactBites »


 

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