Schlumberger Limited
Founded in 1927, Schlumberger is a global oilfield and information services company
with major activity in the energy industry. Schlumberger comprised three primary
business segments: Schlumberger Oilfield Services is the world's premier oilfield
services company supplying a wide range of technology services and solutions to
the international oil and gas industry. WesternGeco, jointly owned with Baker
Hughes, is one of the world's largest and most advanced surface seismic company.
SchlumbergerSema is a leading supplier of IT consulting, systems integration,
and network and infrastructure services to the energy industry, as well as to
the public sector, telecommunications and finance markets.
Schlumberger Oilfield Services uses its own personnel to market its products
and services. The customer base, business risks and opportunities for growth
are essentially uniform across all services. There is a sharing of manufacturing
and engineering facilities as well as research centers; labor force is interchangeable.
Technological innovation, quality of service, and price are the principal methods
of competition. Competition varies geographically with respect to the different
services offered. While there are numerous competitors, both large and small,
Schlumberger believes that it is an industry leader in providing measurements-while-drilling
and logging-while-drilling services, and fully computerized logging and geoscience
software and computing services. A large proportion of the company's offering
is non-rig related; consequently, revenue does not necessarily correlate to
rig count fluctuations.
WesternGeco, which is 70% owned by Schlumberger, provides comprehensive worldwide
reservoir imaging, monitoring, and development seismic services, with the most
extensive seismic crews and data processing centers in the industry, as well
as the world's largest multiclient seismic library. Services range from 3D and
time-lapse (4D) seismic surveys to multi-component surveys for delineating prospects
and reservoir management. Seismic solutions include proprietary Q' technology
for enhanced reservoir description, characterization, and monitoring throughout
the life of the field ' from exploration through enhanced recovery.
SchlumbergerSema provided during 2003 IT consulting, systems integration, managed
services together with network and infrastructure solutions to the global energy
industry, as well as in specific regional markets spanning the telecommunications,
finance, transport and public sectors.