In this new decade, Schlumberger products and services are more relevant than ever, as E&P moves into more complex and environmentally extreme areas – especially offshore and in deepwater – and the search for unconventional oil and gas intensifies.
An unrivalled and undiminished commitment to research and development means Schlumberger is able to provide customers with the technology, analytical tools and expertise tailored to meet today’s technical challenges.
The company’s products and services enable improved efficiency, together with enhanced information flow and analysis. That means better reservoir characterization, more accurate and effective drilling.
Innovative products introduced in recent years are already making a big difference to our clients. The Dielectric Scanner service, launched in 2010, was the first in the industry to accurately quantify residual hydrocarbon volume, Archie’s exponents and formation cation exchange capacity (CEC), so reducing uncertainties and eliminating the wait for laboratory analysis.
LIVE digital slickline services, introduced in 2011, allow two-way digital communication using a slickline cable enabling tool and well information to be transmitted to the surface in real time. This advance enables oil and gas producers to manage well intervention and workover programs with increased knowledge, accuracy and certainty, reducing manpower requirements, saving time and cutting operational risk.
Schlumberger’s range also includes products designed for the expanding shale oil and gas sector, such as the OpenFRAC family of fluid systems for hydraulic fracturing, the HiWAY Channel Fracturing service, M-I SWACO’s ENVIROTHERM NT water-base drilling fluid and Smith Bits’ Spear shale-optimized steel body polycrystalline diamond compact bit./
Strategic mergers and acquisitions remain central to the company’s drive to offer a comprehensive package of products and services to customers. The merger with Smith International in 2010 widened Schlumberger's lead as the world's largest oilfield services company in terms of revenue and market capitalization. Smith and M-I SWACO technologies and expertise complement Schlumberger’s offerings, while benefitting from Schlumberger’s large geographical footprint.
The acquisition of Geoservices, also in 2010, expanded Schlumberger’s products and services in mud logging, slickline and production surveillance operations.
Schlumberger continues to build on its reputation for outstanding research through the geographical expansion of its R&D network. The 2010 opening of the new Brazil Research and Geoengineering Center in Rio de Janeiro and the opening, in 2011, of WesternGeco’s Penang Product Center in Malaysia reflect our desire to establish R&D facilities close to new hydrocarbons development areas, enabling the company to tap into new talent and tailor new products to specialized local conditions.
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