2003 Annual Report
 
 
   
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  Directors and Officers

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  The GeoMarket Advantage
 
 
The Customer Interface


The GeoMarket network combination of deep domain knowledge with local experience and expertise also creates opportunities that single product lines cannot achieve alone.

In the South Java Sea, an operator was faced with the decision of whether to extend an existing platform to make room for a costly new well or find another solution to access the additional reserves. Schlumberger had already been selected to provide the various services required for the planned well—drilling, cementing, logging, and completion—all supplied independently by GeoMarket personnel specialized in their respective technologies. But through the close working relationship the GeoMarket team had established with the customer, Schlumberger was able to offer an unconventional solution—the world’s first intelligent completion in a Level 6 multilateral well. This involved drilling two independent lateral legs into the reservoir from a single wellbore on the existing platform, thus eliminating the need to construct an expensive platform extension. Not only was this solution cost-effective, it improved field net present value (NPV) and offered the possibility of increased hydrocarbon recovery through the proactive management of reservoir performance.

In defining technology directions such as this, Schlumberger has grouped GeoMarket units around common themes. For example, a community of deepwater GeoMarket units now exists, with each providing input to the development of services worldwide while sharing experience gained.

Deepwater projects are always tricky, but few are as challenging as one development that began production in the Gulf of Mexico in 2002. Virtually unprecedented in its technical and logistical complexity, the project involved the completion of 16 zones in 6 wells, 2 of which were in a world-record water depth of more than 7,000 ft. All 6 wells, distributed between 2 distinct fields, were connected to the same pipeline system for delivery back to a shelf platform facility nearly 60 miles away.

As project coordinator, Schlumberger provided a team of 35 people and employed a host of cutting-edge technologies that had never been integrated in a single operation. Our engineers took full responsibility for assembling all expertise necessary to provide the operator with seamless support and service throughout the project. The result of these efforts led to significant time-savings for the customer and greater revenue for Schlumberger. In addition, the project clocked 70,000 labor-hours without a single health-, safety-, or environment-related lost-time incident.

So did the GeoMarket organization have anything to do with this success? “No question about it,” says Graham Watson, who acted as the project coordinator. “It enabled us to provide a single point of contact in the customer’s offices to ensure a coordinated response—whatever the issue at hand. We used the GeoMarket structure to coordinate the Schlumberger segments and the result was a uniform response to client needs.”

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