Schlumberger 2010 Annual Report - page 22

Schlumberger Information Solutions (SIS) – provides consulting, software, information management and IT
infrastructure services that support core oil and gas industry operational processes.
Geoservices – supplies mud logging services for geological and drilling surveillance. Geological surveillance
includes formation evaluation to provide information on lithology and hydrocarbons encountered while
drilling. Drilling surveillance enhances safety and optimizes drilling efficiency using a range of drilling
parameter measurements. Geoservices also supplies slickline services for downhole mechanical well inter-
vention and reservoir monitoring and downhole data acquisition.
Supporting the Technologies are various research and engineering centers. Through this organization, Schlumberger
is committed to advanced technology programs that enhance oilfield efficiency, lower finding and producing costs,
improve productivity, maximize reserve recovery and increase asset value while accomplishing these goals in a safe and
environmentally sound manner.
Schlumberger Oilfield Services also offers customers its services through a business model known as Integrated
Project Management (IPM). IPM combines the required services and products of the Technologies with drilling rig
management expertise and project management skills to provide a complete solution to well construction and
production improvement. IPM projects are typically of multi-year duration and include start-up costs and significant
third-party components which cover services that Schlumberger does not provide directly. Projects may be fixed price in
nature, contain penalties for non-performance and may also offer opportunities for bonus payments where performance
exceeds agreed targets. IPM also provides specialized engineering and project management expertise when Schlum-
berger is requested to include these capabilities with services and products across the Technologies in a single contract.
In no circumstances do IPM projects fail to respect the Schlumberger business profile that precludes any stake in the
ownership of oil or gas reserves.
Schlumberger Oilfield Services uses its own personnel to market its offerings. The customer base, business risks and
opportunities for growth are essentially uniform across all services. There is a sharing of manufacturing and engineering
facilities as well as research centers, and the labor force is interchangeable. Technological innovation, quality of service,
and price differentiation are the principal methods of competition, which varies geographically with respect to the
different services offered. While there are numerous competitors, both large and small, Schlumberger believes that it is
an industry leader in providing wireline logging, well testing, measurement-while-drilling, logging-while-drilling and
directional-drilling services, as well as fully computerized logging and geoscience software and computing services. A
large proportion of Schlumberger offerings is non-rig related; consequently, revenue does not necessarily correlate to rig
count fluctuations.
, the world’s most technologically advanced surface seismic company, provides comprehensive reservoir
imaging, monitoring and development services with the most extensive seismic crews and data processing centers in the
industry as well as a leading multiclient seismic library. Services range from 3D and time-lapse (4D) seismic surveys to
multi-component surveys for delineating prospects and reservoir management. WesternGeco benefits from full access to
the Schlumberger research, development and technology organization and shares similar business risks, opportunities
for growth, principal methods of competition and means of marketing as Schlumberger Oilfield Services. Seismic
solutions include proprietary single-sensor technologies for enhanced reservoir description, characterization and
monitoring throughout the life of the field – from exploration through enhanced recovery. Other WesternGeco solutions
include development of controlled-source electromagnetic and magneto-telluric surveys and their integration with
seismic data.
Positioned for meeting a full range of customer needs in land, marine and shallow-water transition-zone services,
WesternGeco offers a wide scope of technologies and services:
Land Seismic – provides comprehensive resources for seismic data acquisition on land and across shallow-
water transition zones.
Marine Seismic – provides industry-standard marine seismic acquisition and processing systems as well as a
unique industry-leading, fully calibrated single-sensor marine seismic system that delivers the seismic
technology needed for new-generation reservoir management.
Part I, Item 1
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