Schlumberger is the leading oilfield services provider, trusted to deliver superior results and improved E&P performance for oil and gas companies around the world.
Schlumberger Limited (NYSE: SLB) is the world's largest oilfield services company. Schlumberger employs over 113,000 people of more than 140 nationalities working in approximately 85 countries. Its principal offices are in Houston, Paris, Schlumberger was founded in 1926 by French brothers Conrad and Marcel Schlumberger. Today Schlumberger supplies the petroleum industry with drilling services and well testing. The company is also involved in the groundwater extraction.
Thee new company sold electrical-measurement mapping services and recorded the first-ever electrical resistivity well log, in France in 1927. The company quickly expanded, logging its first well in the U.S. in 1929, in California .
In 1935, the Schlumberger Well Surveying Corporation was founded in Houston, later evolving into Schlumberger Well Services, and finally Schlumberger Wireline & Testing. Schlumberger invested heavily in research, inaugurating the Schlumberger-Doll Research Center in 1948, contributing to the development of a number of new logging tools.
In 1956 Schlumberger Limited was incorporated as a holding company for all Schlumberger businesses, which by now included American testing and production company Johnston Testers. Over the years, Schlumberger continued to expand its operations and acquisitions. In 1960, Dowell Schlumberger (50% Schlumberger, 50% Dow Chemical), which specialized in pumping services for the oil industry was formed.
In 1962, Schlumberger Limited was listed on the New York Stock Exchange.
After various acquisitions and mergers, the recent one was in2010, the acquisition of Smith International in an all-stock deal valued at $11.3 billion was announced.
The deal was the biggest acquisition in Schlumberger history. The merger was completed on August 27, 2010.
Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $1.1 billion, including debt.
Through our well site operations and in our research and engineering facilities, we are working to develop products, services and solutions that optimize customer performance in a safe and environmentally sound manner.
Through their well site operations and research and engineering facilities, they are working to develop products, services and solutions that optimize customer performance in a safe and environmentally sound manner.
Making the most of our unique assets, Schlumberger is committed to providing services that enhance and optimize our customers' performance. Three well-established company Values that focus on people, technology and profit underpins our work. People thrive on the challenge to excel in any environment and their dedication to safety and customer service worldwide is our greatest strength. Commitment to technology and quality is the basis for our competitive advantage. Their determination to produce superior profits is the cornerstone for the future independence of action and growth.
Their commitment to customers
Schlumberger is committed to excellence in everything we seek to do. We aim to do business in a consistent and transparent way with all our clients and do not hold equity stakes in our customers' assets. Customers place a great deal of trust in us, particularly when it comes to handling sensitive and confidential information. Our reputation for integrity and fair dealing is vitally important in winning and retaining this trust. Schlumberger strives to maintain the trust and confidence of our customers and shareholders, as well as all others affected by our operations. When we are clearly seen to behave in an ethical manner we enhance our reputation for...