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Barclays CEO Energy-Power Conference
Paal Kibsgaard
Regarding activity and resources, our combined product lines now account for more than
one million operating hours per month—which is the equivalent of having between one
and two product lines working 24 hours per day on every active rig in the world. The scale
of our operations, combined with the breadth of our business offering and the strength of
our customer relationships, creates a massive reach in terms of market intelligence and
understanding of customer needs and market opportunities.
To handle this activity we operate around 150,000 mobile assets, including vessels, vehicles,
surface equipment, and downhole tools. We support our operations from 2,500 facilities
including offices, warehouses, and maintenance shops. In addition, a total of 125 R&E
centers covering research, engineering, manufacturing, and sustaining also provide
technical support.
In addition to this internal support structure, as part of our global operations we manage
some 80,000 suppliers and an annual spend of more than $22 billion. Just think what a
small percentage improvement in this cost base would mean for our bottom line! Our
global operations network is linked together by our transportation system that handles
80,000 shipments every month, and by our IT business systems that handle more than
150,000 transactions every day.
Our business runs on a global IT network connecting our facilities with 800 active well-site
units, allowing for secure real-time collaboration with our operations support centers and
with our customers and suppliers. This, coupled with the fourth largest private installation
of computing power in the world at 27 petaflops, allows for new levels of modeling and
simulation providing answers to some of the toughest challenges in our industry.
Finally, we now employ approximately 120,000 of the best women and men in the industry.
Our workforce remains unique in terms of diversity, capability, and experience, and
through our comprehensive recruiting, training, and development programs we maintain
a strong and deep pool of talent with an average age of 36 years.
We bring this massive ecosystem together through a unique organization that has grown
from offering a single activity in wireline logging, more than 85 years ago, to providing the
broad range of services that we know today.
