Schlumberger Ltd - Company Profile
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Business Description
Schlumberger Ltd (SLB) provides technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. It offers an array of products, services from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.
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R&D Overview
SLB’s research and development (R&D) efforts focus on the development of innovative technology that adds value to its customers and supports and enhances its position in the E&P sector. The company has major research centers in Brazil, Saudi Arabia, the US, the UK, Russia, and Norway. It operates technology centers in the UK, China, France, Japan, Norway, and the US. SLB has more than 65 technology centers. The company has more than 13,000 active patents. In FY2023, it spent US$711 million on its R&D activities, which as a percentage of revenue stood at 2.14% and increased 12.1% YoY.
Business Segments
Overview
Consists of software and seismic businesses with its integrated offering of Asset Performance Solutions (APS), which helps in developing fields while improving cash flow, increasing production and extending recovery for customers by providing fit-for-purpose solutions.
Performance
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Overview
Develops technologies and provides expertise which improves production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. Offers services such as integrated solutions to the subsea market, artificial lift, well completion services, valves, One Subsea and processing.
Performance
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Overview
Offers reservoir-centric technologies and services to optimize reservoir productivity and performance. Reservoir Performance develops and innovates technologies and services to evaluate, negotiate, and stimulate reservoirs which help customers to maximize their value. Also provides wireline, testing, and stimulation and intervention services.
Performance
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Overview
Offers products and services to develop well placement and performance, enhancing drilling efficiency and improve wellbore assurance. Provides services such as drilling fluids, drilling & measurements, drilling tools, drill bits, integrated well construction, well cementing, and rigs and equipment.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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