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The markets for oilfield services are changing, and the way in which oilfield services companies respond is also changing. The growing markets of Russia, some of the former Soviet republics, and more gradually China require a new approach, and nowhere is this more evident than in the operations of Integrated Project Management. IPM is a Schlumberger service focused on combining technology, people, and process to deliver efficiency and cost-effectiveness in projects as diverse as remote strategic exploration wells, field development and full-field rehabilitation. As well as providing technology and expertise, Schlumberger often works with local subcontractors to harness local knowledge and experience.
One example of a field development managed by IPM, the Burgos project in the Mexico GeoMarket, is now in its seventh year. Schlumberger has delivered 237 completed wells, which include the drilling of 2.3 million ft of hole. The scope of work has, at various times, included three-dimensional (3D) seismic, reservoir characterization, well design, engineering and construction, stimulation, and design and installation of production facilities. The benefits to the customer have included accelerated production, reduced capital expenditures (capex), and increased efficiency, while the long-term nature of the relationship between the operator and Schlumberger has promoted deep understanding of local needs and led to similar work in other Mexican fields.
This type of integrated solution would have been almost impossible before implementation of the GeoMarket structure. Individual product lines worked independently, largely unaware of what each other was doing. Today, Schlumberger staff are sensitive to the integrated perspective without compromising service excellence in their own specific technologies.
Continue reading about The GeoMarket Advantage: A Sustainable Advantage
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