Schlumberger 2012 Annual Report - page 22

increased footage provide significant economic benefits in lowering overall well costs. The technologies
leverage proprietary modeling and simulation software for the design of application-specific bits and cutting
is the leading supplier of drilling fluid systems engineered to improve drilling performance by
anticipating fluids-related problems, fluid systems and specialty equipment designed to optimize wellbore
productivity and production technology solutions formulated to maximize production rates. The Technology
also includes environmental solutions that safely manage waste volumes generated in both drilling and
production operations.
supplies mud logging services for geological and drilling surveillance.
Drilling & Measurements
provide directional-drilling, measurement-while-drilling and
logging-while-drilling services for all well profiles as well as engineering support.
Drilling Tools & Remedial
provides a wide variety of bottom hole assembly drilling tools, borehole
enlargement technologies and impact tools, as well as a comprehensive collection of tubulars and tubular
services for oil and gas drilling operations.
Dynamic Pressure Management
consolidates managed pressure drilling and underbalanced drilling into a
single provider of engineered solutions for pressure drilling services.
Production Group
– Consists of the principal Technologies involved in the lifetime production of oil and gas reservoirs
and includes Well Services, Completions, Artificial Lift, Well Intervention, Subsea, Water Services, Carbon Services and
Schlumberger Production Management field production projects.
Well Services
provides services used during oil and gas well drilling and completion as well as those used to
maintain optimal production throughout the life of a well. The services include pressure pumping, well
cementing and stimulation operations as well as intervention activities.
supplies well completion services and equipment that include packers, safety valves, sand
control technology as well as a range of intelligent well completions technology and equipment.
Artificial Lift
provides production equipment and optimization services using electrical submersible pumps
and gas lift equipment, as well as surface horizontal pumping systems.
Well Intervention
develops coiled tubing equipment and services and provides slickline services for downhole
mechanical well intervention, reservoir monitoring and downhole data acquisition.
offers solutions that are designed to improve reservoir recovery, optimize production and maximize
production uptime of subsea assets.
Water Services
specializes in the development, management and environmental protection of water
Carbon Services
provides comprehensive geological storage solutions including storage site characterization
for carbon dioxide.
Schlumberger also offers customers its services through business models known as Integrated Project Management
(for well construction projects) and Schlumberger Production Management (for field production projects). These
models combine the required services and products of the Technologies with both drilling rig management expertise
and project management skills to provide a complete solution to well construction and production improvement.
Projects are typically of multiyear duration and include start-up costs and significant third-party components that
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.
Integrated Project Management and Schlumberger Production Management also provide specialized engineering and
project management expertise when Schlumberger is requested to include these capabilities with services and
products across the Technologies in a single contract. In no circumstances does Schlumberger take any stake in the
ownership of oil or gas reserves.
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