SCHLUMBERGER Company Overview
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Schlumberger
INTRODUCTION Schlumberger (SLB) began as an oilfield service company in 1926 in France, and diversified geographically to US by 1929. Schlumberger is the world’s leading supplier of technology, integrated project management & information solutions to customers working in the oil and gas industry worldwide. Schlumberger offers its clients four key advantages:
Deep domain knowledge of exploration and production operations The service industry's longest commitment to technology and innovation through a network of 125 research and engineering technology centres A global reach in more than 85 countries coupled to strong local experience and the diversity in thought A commitment to excellence in service delivery anytime, anywhere.
Schlumberger Business Consulting (SBC) is the management consulting arm of Schlumberger, provides consulting services in strategy, organization, human resources, and operations. To date, they have delivered more than 1800 projects in over 40 countries for some of the world’s largest energy companies.
COMPANY INFORMATION Founded in:
SBL in 1926 & SBC in 2004
Head Quarters:
Houston, Texas, United States
Leadership:
Paal Kibsgaard (CEO), Stephanie Cox (President – Asia)
Industry/Product: Oilfield services & equipment Employees:
126,000 people representing over 140 nationalities and working in more than 85 countries
Tagline:
Excellence in execution
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FINANCIAL STATISTICS 2012-13: SCHLUMBERGER
PRODUCTS Oil Field Services Group Reservoir Characterization: Finding and characterizing hydrocarbon deposits via using a combination of reservoir imaging, information technology and consulting services. Drilling: Drilling and positioning of oil/gas-well before production can begin. This segment’s value drivers are technologies related to manufacturing drill bits, fluids and pressure management systems. Reservoir Production: This segment consists of technologies involved in lifetime production of oil and gas reservoir. The above segments work in an integrated fashion-SLB calls it Integrated Project Management to achieve the recovery, environmental and operational targets of customers. Today, Schlumberger products and services include 1) Open-hole and cased-hole wireline logging; 2) Drilling services; A B-Gyan Initiative
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3) Oil-Well services, such as cementing, coiled tubing, stimulations and sand control; 4) Oil-Well completion services including well testing and artificial lift; 5) Interpretation and consulting services; 6) Integrated project management. Schlumberger Information 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.
PRESENCE - WORLDWIDE Schlumberger's regional organization consists of Areas and GeoMarket regions, to provide their customers with a single point of contact at the local. Europe, C.I.S. & Africa Area, Latin America, North America Middle East & Asia Area: Australia, China, Egypt, India, Indonesia, Middle East, South and East Asia In India: Schlumberger Asia Services Ltd. Gurgaon
SUPPLY CHAIN Schlumberger has the largest Supply Chain organization in the oilfield services industry. There are 6,000 people within the group, and 2,000 of them work in procurement and sourcing. Schlumberger’s Supply Chain Services pursues supplier business relationships based on cooperation, trust, reliability, and communication. It procure products and services through manufacturers and suppliers that demonstrate high standards for quality, exceptional levels of service, competitive pricing, solid delivery performance, effective after-sales support, and efficient supply chain management.
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Suppliers represent an integral part of the Schlumberger supply chain by
adding value through product quality and support, competitive pricing, and focus on lean supply chain models using and enabling technologies that allow effective access to information seeking new opportunities for local manufacturing building a robust IT infrastructure with e-business transaction capability
All supplier transactions and business relationships must comply with Schlumberger standards and policies. The Schlumberger Supply Chain group is responsible for logistics, materials management, procurement, sourcing, and facilities management. It also supports careers and staffing, communications, fi nancial control, and process and business systems. SUMMIT, a 3-year fixed-step training program designed for graduates with supply chain specialties.
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STP, SWOT ANALYSIS & COMPETITION STP Segment
Corporates, countries, individuals looking to fulfil energy needs
Target Group
Enterprises looking for energy for production, people for petrol diesel for vehicles and domestic uses
Positioning
Being the best and efficient in every field SWOT
Strength
Weakness
Opportunities
Threats
Competition
• One of the world’s largest leading oilfield service providers • Large scale mergers and acquisitions improving its brand value • Global operations & excellent technologies
• Oil spill controversies and legal issues • Declining revenues • Severe cases of environmental issues
• Acquisitions by buying out competition • Increasing demand for fuel
• Governmentregulations • High Competition • Environmental laws • Economic instability
• Baker Hughes • Halliburton
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SCHLUMBERGER IN NEWS
One Subsea, (a Cameron and Schlumberger company), Helix Energy Solutions Group, Inc. and Schlumberger announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems
Schlumberger has announced the release of Petrel Shale, a customised user interface and toolset engineered for exploiting shale resources. (Petrel Shale is designed to optimise operations to increase capital efficiency) Schlumberger has launched its "Quanta Geo" photorealistic reservoir geology service, which produces images of the formation which are so detailed they look like photographs ONS innovation award 2014 winner
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