Schlumberger Acquires GeoKnowledge AS

Software offers enhanced exploration risk and resource assessment

OSLO, NORWAY, December 13, 2012—Schlumberger announced today that it has acquired GeoKnowledge, a Norwegian-based software company specialized in delivering exploration decision-support solutions for the oil and gas industry.

GeoKnowledge supplies the industry-leading GeoX software suite for exploration prospect risk, resource and value assessment, and is the corporate standard for more than 100 oil and gas companies worldwide.  

“The combination of GeoX software with the Petrel* E&P software platform will enable us to provide our customers with fully integrated solutions for assessment of exploration risk and probabilistic resource evaluations,” said Tony Bowman, president, Schlumberger Information Solutions. “GeoKnowledge is highly respected in the industry, and their decision-centric technology and expertise complements our model-centric Petrel-based evaluations of exploration risk and uncertainty.”

“As a Schlumberger company, we will be able to further the mainstream adoption of our software, expand our client services infrastructure and continue to develop advanced exploration solutions by leveraging Schlumberger technology and development expertise,” said Dr. Charles Stabell, founder and chairman, GeoKnowledge. 

Core software product development will continue to be in Oslo, Norway, where most of the 30 GeoKnowledge employees are based. The company also has offices in Houston, Texas, and Kuala Lumpur, Malaysia. 

About Schlumberger

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 115,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague and reported revenues of $36.96 billion in 2011. For more information, visit www.slb.com.

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*Mark of Schlumberger

For further information, contact:

Joao Felix
Director of External Communications
Schlumberger Limited
Tel:+1 713 375 3494
jpfelix@slb.com


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