Schlumberger

Schlumberger Acquires Omron Oilfield and Marine, Inc.

Strengthening control systems capabilities for integrated well construction

HOUSTON, June 2, 2016—Schlumberger announced today that it has acquired Omron Oilfield and Marine, Inc., a U.S.-based OMRON Corporation group company, which is a global leader in automation technology and solutions.

“The addition of Omron Oilfield and Marine will enable us to strengthen our industrial automation control systems capabilities as part of our long-term strategy to develop an integrated well construction system,” said Ashok Belani, executive vice president, Technology, Schlumberger. “The control system plays a pivotal part in developing the software capabilities required to realize our vision to provide our customers with a step change in drilling performance.”

“This transaction enables us to leverage our U.S.-installed base with Schlumberger’s global reach to create new market opportunities internationally,” said Robert Bost, CEO, Omron Oilfield and Marine. “We will continue to build on our existing technology collaboration to expand control system capabilities in oilfield applications.”

Omron Oilfield and Marine is based in Houston, Texas and consists of 139 employees. The company designs, manufactures, sells, and provides aftermarket services for automated drive and control systems, power houses, and drillers’ cabins. The company also offers software-based drilling technologies on a rental or subscription basis. Omron Oilfield and Marine was founded in Houston as Industrial Drive Maintenance, Inc. (IDM) in 1973. It was acquired in 1999 by the OMRON Corporation, a Kyoto-based global leader in the field of automation, and is currently organized within the company’s Industrial Automation division.

About Schlumberger

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 113,000 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 that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $35.47 billion in 2015. For more information, visit www.slb.com.

About OMRON Corporation

OMRON Corporation is a global leader in the field of automation based on its core sensing and control technology. OMRON's businesses cover a broad spectrum, ranging from industrial automation and electronic components to automotive electronic components, social infrastructure systems, healthcare, and environmental solutions. Established in 1933, OMRON has approximately 38,000 employees worldwide, working to provide products and services in more than 110 countries and regions.

In the field of industrial automation, OMRON supports manufacturing innovation by providing advanced automation technology and products, as well as through extensive customer support, in order to help create a better society. For more information, visit OMRON's website: www.omron.com.

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For further information, contact:

Investors

Simon Farrant – Schlumberger Limited, Vice President of Investor Relations
Joy V. Domingo – Schlumberger Limited, Manager of Investor Relations
Tel: +1 713 375 3535
investor-relations@slb.com

Media

Joao Felix – Schlumberger Limited, Director of Corporate Communication
Tel: +1 713 375 3494
communication@slb.com


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