Mature fields account for up to 75% of the world's oil production, and this trend will increase in years to come. With production decline, well problems are inevitable. As the need to produce more with reduced costs and lower environmental impact is now more important than ever, well intervention is key. With 70% of intervention budget spent on restoring production instead of enhancing it, it's time to focus on proactive intervention.
At Schlumberger, we've completely restructured our organization to address the wide array of production challenges that you might face. With our global domain, local footprint, and the most comprehensive intervention family in the industry, we deliver holistic intervention solutions to maximize your performance and reduce your total cost per barrel.
We understand that intervention is often perceived as risky and complex. We have reinvented our technologies to expand the operating envelopes and reliably address your well challenges—from reservoir monitoring, flowback and solids handling, well diagnostics, mechanical intervention, powered intervention, perforating, and many more. And we are not stopping here.
For over a decade, we have continuously integrated our solutions with digital and automation capabilities to take intervention to the next level. This enables better efficiency, accuracy, insights, and results. And all our intervention solutions are deployed by our smart conveyances, including slickline, digital slickline, wireline, coiled tubing, and fiber optics.
You can perform proactive interventions in any condition, with reduced cost, risk, and environmental impact using our complete portfolio—all under one family. By reinventing the intervention space, Schlumberger is ready to help you to deliver your production and recovery targets in the most predictable, operationally cost-effective, and sustainable way to ensure that every well counts. We are intervention reinvented.