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Paal Kibsgaard Chairman and Chief Executive Officer

Chairman's Message

A long-standing focus on the science of measurement has established Schlumberger as the leading technology provider for the oil and gas industry.

Our customers depend upon us to acquire data and maximize its use to achieve their exploration and production goals. The trust in Schlumberger to help them achieve these goals is also imbued with a global responsibility to minimize the environmental impact and risks associated with our operations. This forms the basis of our vision of Global Stewardship, which includes a social responsibility to the people in the communities where we live and work.

While Schlumberger technical expertise enables us to design the most efficient operations and maximize hydrocarbon recovery and production, this translates into the use of technology and processes that optimize water use, ensure well integrity, and reduce emissions. Thus, stewardship of the environment in which we work is inherent in our drive to optimize our global operations. Three of our focus areas include reducing emissions, ensuring well integrity, and optimizing water use.

Fewer operating hours is one way to reduce emissions. For example, combining OptiDrill real-time drilling intelligence service with other technologies and efficient planning enables us to do that. When the total drilling time decreases, so do the emissions related to drilling operations.




Next, one of the important components of well integrity is the cementing operation. Our FUTUR self-healing cement system is able to provide wellbore isolation and integrity, thus avoiding the need for remedial cementing.

Finally, because hydraulic fracturing accounts for more than 90% of the water used to develop unconventional reservoirs, optimizing the water used is of prime importance. Schlumberger has developed technology that significantly reduces water and proppant use while also increasing fracture conductivity. The HiWAY flow-channel fracturing technique decreases our operational footprint and concurrently simplifies logistics and increases production.

Global Stewardship is a pillar upon which Schlumberger seeks to increase the sustainability of the ways in which the oil and gas industry finds, develops, and produces hydrocarbons.

While our technology enables us and our customers to reduce environmental footprint, we also seek to make a positive impact in local communities by applying our high standards of conduct. Our global ambassadors are an international workforce of professionals who represent more than 140 nationalities. Their behavior is guided by The Blue Print in Action—Our Code of Conduct, which guides us in matters of social responsibility, business transparency, and trade compliance.

Global Stewardship is a pillar upon which Schlumberger seeks to increase the sustainability of the ways in which the oil and gas industry finds, develops, and produces hydrocarbons. As such, Global Stewardship is also an integral part of the Schlumberger legacy to protect the world’s natural resources for the generations to come.

Sincerely,

Paal Kibsgaard Chairman and Chief Executive Officer

Paal Kibsgaard Chairman and Chief Executive Officer





Global Stewardship is a pillar upon which Schlumberger seeks to increase the sustainability of the ways in which the oil and gas industry finds, develops, and produces hydrocarbons.

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