Corporate Vision June 2017

44 CORPORATE VISION / June 2017 , Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. As the Best Manufacturing Facility Design/Build Consultancy – USA award winner, we took the opportunity to profile the company’s work. Work in the Pipeline Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production and integrated pore-to-pipeline solutions for hydrocarbon recovery that optimize reservoir performance. Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production and integrated pore-to-pipeline solutions for hydrocarbon recovery that optimize reservoir performance. Schlumberger has principal offices in Paris, Houston, London and The Hague. Revenue was $27.81 billion in 2016. Schlumberger stock is listed on the New York Stock Exchange, ticker symbol SLB, on the Euronext Paris, Euronext Amsterdam, London and the SIX Swiss stock exchanges. Competitive Advantage Schlumberger offers its clients four key advantages: • Deep domain knowledge of exploration and production operations gained through more than 80 years of experience; • The service industry’s longest commitment to technology and innovation through a network of 125 research and engineering technology centers; • A global reach in more than 85 countries coupled to strong local experience and the diversity in thought, background and knowledge that more than 140 nationalities bring and; • A commitment to excellence in service delivery anytime, anywhere. Research and Engineering The company was founded by the two Schlumberger brothers who invented wireline logging as a technique for obtaining downhole data in oil and gas wells. Today, it continues to build on the industry’s longest track record of providing leading edge E&P technology to develop new advancements-from reservoir to surface. Schlumberger has always invested significant time and money on research and engineering as a long-term strategy to support and grow its technology leadership. Short- term business cycles do not affect this. In 2016, they invested $1.0 billion in R&E for their oilfield activities. Schlumberger invests more each year in R&E than all other oilfield services companies combined. Schlumberger Products and Services The Schlumberger offerings combine domain expertise, best practices, safe and environmentally sound well site operations, innovative technologies, and high-quality support aimed at helping its customers increase oilfield efficiency, lower finding and producing costs, improve productivity, maximize reserve recovery, and increase asset value in a safe, environmentally sound manner. Today, Schlumberger products and services include open-hole and cased-hole wireline logging; drilling services; well services, such as cementing, coiled tubing, stimulations and sand control; well completion services including well testing and artificial lift; interpretation and consulting services; and integrated project management. Strong technical and operational support to the field is vital to the success of any complex global operation that includes remote locations. The key is to provide real-time linkage with world-class experts and knowledge, delivering the latest and best problem-solving capabilities-anywhere, anytime. The company’s InTouchsupport. com knowledge management tool improves field access to Schlumberger technology centers through the most advanced IT tools, 24-hours a day, seven days a week. Enhancing core E&P operations to improve production, increase reserves and drill better wells requires the integration of innovative information technology. Software Integrated Solutions (SIS) offers a unique combination of people and processes, technology and infrastructure, and real-time IT enablers-delivering key value-adding solutions to overcome a myriad of challenges confronting industry operational processes. SIS offers information management, software technology and infrastructure services. Combined with the domain experience available through the Business Consulting group, these enable oil and gas companies to enhance their workflows and achieve their goals. As the industry’s focus is moving towards maximizing post- plateau production and ultimate recovery, oil companies must face more and more resource intensive projects. Integrated Project Management (IPM) is the Schlumberger response to this challenge and a significant growth area for Schlumberger. IPM activity is characterized by long-term relationships between the customer and Schlumberger. It offers a combination of engineering, process management and understanding of Schlumberger segment technologies. As well as providing technology and expertise, Schlumberger often works with local subcontractors to harness local knowledge and experience. Schlumberger Integrated Project Management (IPM) CO160032

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