Backgrounder
1. Schlumberger
Schlumberger is the worlds leading supplier of technology,
integrated project management and information solutions to customers
working in the oil and gas industry worldwide. Employing approximately
120,000 people representing over 140 nationalities and working in more
than 85 countries, Schlumberger provides the industrys widest range of
products and services from exploration through production.
The company comprises two business segments:
Schlumberger supplies a wide range of products and services from
formation evaluation through directional drilling, well cementing and
stimulation, well completions and productivity to consulting, software,
information management and IT infrastructure services that support
core industry operational processes. WesternGeco is the world's largest
seismic company and provides advanced acquisition and data
processing services.
Schlumberger has principal offices in Houston, Paris and The
Hague. Revenue from continuing operations was $41.73 billion in 2012.
Schlumberger stock is listed on the New York Stock Exchange, ticker
symbol SLB, on the Euronext Paris, Euronext Amsterdam, London and
the SIX Swiss stock exchanges.
2. Organization
Schlumberger manages its business through 35 GeoMarket regions,
which are grouped into four geographic areas: North America, Latin
America, Europe & Africa, Russia, Middle East and Asia. The GeoMarket
structure offers customers a single point of contact at the local level for
field operations and brings together geographically focused teams to
meet local needs and deliver customized solutions. Working together
with the company's technology segments, the GeoMarkets provide a
powerful conduit through which information and know-how flow to the
customers, and through which Schlumberger engineers and
geoscientists maximize technological synergies over the entire life of
the field.
3. CompetitiveAdvantage
Schlumberger offers its clients four key advantages:
Deep domain knowledge of exploration and production operations
gained through more than 80 years of experience
The service industry's longest commitment to technology and
innovation through a network of 125 research and engineering
technology centers
A global reach in more than 85 countries coupled to strong local
experience and the diversity in thought, background and knowledge
that more than 140 nationalities bring
A commitment to excellence in service delivery anytime, anywhere.
4. Research and Engineering
The company was founded by the two Schlumberger brothers who
invented wireline logging as a technique for obtaining downhole data in
oil and gas wells. Today, it continues to build on the industry's longest
track record of providing leading edge E&P technology to develop new
advancements-from reservoir to surface. Schlumberger has always
invested significant time and money on research and engineering as a
long-term strategy to support and grow its technology leadership.
Short-term business cycles do not affect this. In 2012, we invested $1.2
billion in R&E for our oilfield activities. Schlumberger invests more each
year in R&E than all other oilfield services companies combined.
5. Schlumberger Products and Services
The Schlumberger offerings combine domain expertise, best
practices, safe and environmentally sound well site operations,
innovative technologies, and high-quality support aimed at helping its
customers increase oilfield efficiency, lower finding and producing costs,
improve productivity, maximize reserve recovery, and increase asset
value in a safe, environmentally sound manner.
Today, Schlumberger products and services include open-hole and
cased-hole wireline logging; drilling services; well services, such as
cementing, coiled tubing, stimulations and sand control; well
completion services including well testing and artificial lift;
interpretation and consulting services; and integrated project
management. Strong technical and operational support to the field is
vital to the success of any complex global operation that includes
remote locations. The key is to provide real-time linkage with world-
class experts and knowledge, delivering the latest and best problem-
solving capabilities-anywhere, anytime. The company's
[Link] knowledge management tool improves field access
to Schlumberger technology centers through the most advanced IT
tools, 24-hours a day, seven days a week.
Enhancing core E&P operations to improve production, increase
reserves and drill better wells requires the integration of innovative
information technology. 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. SIS offers information management, software
technology and infrastructure services. Combined with the domain
experience available through the Business Consulting group, these
enable oil and gas companies to enhance their workflows and achieve
their goals.
As the industry's focus is moving towards maximizing post-plateau
production and ultimate recovery, oil companies have to face more and
more resource intensive projects. Integrated Project Management (IPM)
is the Schlumberger response to this challenge and a significant growth
area for Schlumberger. IPM activity is characterized by long-term
relationships between the customer and Schlumberger. It offers a
combination of engineering, process management and understanding of
Schlumberger segment technologies. As well as providing technology
and expertise, Schlumberger often works with local subcontractors to
harness local knowledge and experience. Schlumberger Integrated
Project Management (IPM) offers project coordination, turn-key well
construction, production intervention and production incentive
contracts. Since its inception in 1995, IPM has managed the drilling and
completion of over 8,000 wells with over 60 million feet drilled. The
benefits to the customer have included accelerated production, reduced
capital expenditure and increased efficiency.
6. Commitment to Health, Safety and the Environment
Schlumberger operates in many varied and often challenging
geographical environments. An unwavering commitment has always
been maintained to the highest standards of the health and safety of
our employees, customers and contractors, as well as for the protection
of the environment in the communities in which we live and work. The
long-term business success of Schlumberger depends on our ability to
ensure that HSE remains a top priority for the management and each
employee. The Schlumberger HSE policy and diverse standards are
applied throughout the company. Each employee must maintain up-to-
date certifications in essential HSE training courses through both
traditional classroom and on-line interactive learning. Our driving
safety-training program is one example of our HSE success.
GuidingPrinciples
1. Our values, conduct and behavior
Making the most of our unique assets, Schlumberger is
committed to providing services that enhance and optimize our
customers' performance.
Three well-established company Values that focus on people,
technology and profit underpins our work.
Our people thrive on the challenge to excel in any environment and
their dedication to safety and customer service worldwide is our
greatest strength.
Our commitment to technology and quality is the basis for our
competitive advantage.
Our determination to produce superior profits is the cornerstone for
our future independence of action and growth.
2. Our commitment to customers
Schlumberger is committed to excellence in everything we seek
to do. We aim to do business in a consistent and transparent way
with all our clients and do not hold equity stakes in our customers'
assets. Customers place a great deal of trust in us, particularly when
it comes to handling sensitive and confidential information. Our
reputation for integrity and fair dealing is vitally important in winning
and retaining this trust.
Schlumberger strives to maintain the trust and confidence of our
customers and shareholders, as well as all others affected by our
operations. When we are clearly seen to behave in an ethical manner
we enhance our reputation for integrity, which in turn helps us attract
and retain both customers and employees.
Global Citizenship
Global Citizenship at Schlumberger reflects the diversity and
integrity of our workforce. Founded in 1926, Schlumberger is the
worlds leading supplier of technology, integrated project
management and information solutions to the international oil and
gas exploration and production industry. As of December 31, 2012,
the company employed approximately 118,000 people representing
over 140 nationalities and working in approximately 85 countries.
Schlumberger Limited has principal offices in Paris, Houston and The
Hague, and reported revenues of $42.15 billion in 2012.
As a business and as a community of individuals, Schlumberger
is connected to many of the challenges facing the world today. To
guide our behavior, we have developed a six-theme framework that
addresses some of these challenges while anchoring them in the
bedrock of Schlumberger values.
Those values are embedded in the Schlumberger Blue Print.
Launched in 2013, the Blue Print updates our former Code of Ethics
by providing a practical and clear guide to the behavior expected
from Schlumberger employees. It is designed to ensure that our
employees embody the qualities of global citizens by maintaining
high standards of behavior wherever we operate.
The Schlumberger Blue Print Our Identity summarizes our
purpose, ambitions, values and the mindset we need to succeed. The
Blue Print in ActionOur Code of Conduct is designed to help each
employee handle business situations professionally and fairly. It
explains how our actions reflect on the company and how the
company is therefore the sum of our actions.
The Schlumberger Global Citizenship framework focuses on six
themes chosen because they are significant to the countries where
we live and work, and because we have substance to contribute:
Driving Safety
Climate Change
Education
Environment
HIV/AIDS Awareness
Malaria Prevention
