What is Schlumberger?
Schlumberger Limited (SLB) is an international oil and gas company with offices in Paris, Houston, London and The Hague. With 125 research and engineering facilities globally, the company delivers solutions for the exploration, production and optimisation of reservoir performance. This includes technology, project management and data solutions.
What does the company do?
Schlumberger is the global leading provider of technology for reservoir drilling, production, characterisation and processing to the gas and oil industry. With more than 80 years of pioneering technology and innovation,Schlumberger delivers the most comprehensive portfolio of services and products, successfully optimising reservoir performance. Today, the company’s major projects include:
- Seismic (Seismic Reservoir characterisation, Geophysical Processing, etc.)
- Drilling (Wellhead systems, Engineering and real-time analyses, Drilling services, etc.)
- Characterisation (Petrophysics, Geology, Reservoir Engineering, etc.)
- Completions (Multistage Stimulation Systems, Intelligent Completion Systems, etc.)
- Subsea (Subsea landing string services, Artificial lift systems, etc.)
- Production (Artificial lift, production logging, testing, monitoring, optimisation, etc.)
- Processing & Separation (Integrated facilities, Water treatment, Oil & Gas processing and treatment, etc.)
- Well intervention (Coiled tubing, Wireline Intervention services, etc.)
- Reservoir testing (Well test design and interpretation, Downhole testing, Reservoir sampling and Analysis, etc.)
A bit of Schlumberger’s history
Founded in 1926 in France, Schlumberger was known as the Electric Prospecting Company. In 1927, it made the very first electrical resistivity well log in Merkwiller-Pechelbronn, France. Quickly expanding, the company soon logged its first well in the United States.
In 1935 the company launched its business in Houston as the Schlumberger Well Surveying Corporation. Later it was rebranded and got the name Schlumberger Well Services, and finally Schlumberger Wireline & Testing.
In 1948, heavily investing in research, the company started the Schlumberger-Doll Research Center in Ridgefield, Connecticut, that greatly contributed to the development of a number of new logging tools. Schlumberger Limited was established in 1956 as a holding company that united all the Schlumberger’s businesses.
Who founded Schlumberger?
The first global well logging company was founded by the brothers Conrad and Marcel Schlumberger. Conrad was a physicist, graduating from École Polytechnique in 1900, Marcel became an engineer, graduating from École Centrale Paris in 1907.
In 2010, Conrad Schlumberger started teaching at the École des Mines,
where he launched tests on what is now known as wireline logging. In 2012, he managed to record the very first map of equipotential curves. The mapping confirmed the capability of this method to detect metal ores and reveal features of the subsurface structure.
In 1919, Marcel started working with Conrad as his partner and over the next decades the company proved its commercial potential.
Current size, team and locations
Schlumberger operates in over 85 countries worldwide and employs approximately 100,000 people, representing more than140 nationalities. The company has 125 engineering and research centres globally that focus on the development of innovative technologies, adding value to Schlumberger’s international customers. In 2017, the company invested almost $800 million in R&E for its oilfield business.
Quick facts about Schlumberger
- $30.44 billion in revenue as of 2017
- A team of over 100,000 specialists representing more than 140 nationalities
- Working in more than 85 countries worldwide
How to learn the Schlumberger’s share price?
Schlumberger’s shares are traded on the New York Stock Exchange (NYSE), the Euronext Amsterdam, the Euronext Paris, the London Stock Exchange (LSE) and the SIX Swiss Exchanges. The company is included to the S&P 500 and the S&P 100 market indices
and the Fortune 500 list of companies. Join Capital.com to trade CFDs on Schlumberger share price fluctuations and follow the SLB chart in real-time.