2019 Vault Rankings
At a Glance
Good pay and opportunities for advancement.
The long hours, often in remote locations, can destroy work/life balance.
At Schlumberger Ltd., workaholics can expect to move up and make a lot of money.
About Schlumberger Omnes, Inc.
Schlumberger has the know-how to get oil and gas drillers out of a slump. One of the world's largest oilfield services companies with scores of business units, it provides a full range of services, including seismic surveys, formation evaluation, drilling technologies and equipment, cementing, well construction and completion, and project management. Schlumberger also provides reservoir evaluation, development, and management services, and is developing new technologies for reservoir optimization. Through its
Schlumberger operates three core segments: the Reservoir Characterization Group (finding and defining hydrocarbon deposits); the Drilling Group (the drilling and positioning of oil and gas wells); and the Production Group Consists (the development and lifetime production of oil and gas reservoirs). The Drilling Group accounted for 38% of the company's 2014 revenues.
The company has operations in 85 countries and reports through four geographic areas: North America, Latin America, Europe/CIS/Africa, and Middle East & Asia. North America accounted for 33% of Schlumberger's revenues in 2014.
Net sales have seen a consistent upward trend since 2010. In 2014 revenues increased by 7% due to increased sales from production segment and the drilling segment.
Production benefited from strong results in Well Services, where pressure pumping activity increased through market share gains, operational efficiency improvements and the introduction of new technology. Schlumberger Production Management grew as projects in Latin America, particularly in Ecuador, continued to progress ahead of plan. Production Group activity was also boosted by expansion in the Artificial Lift business as a number of regional acquisitions were added to the portfolio, both in operations and in equipment design and production.
Drilling results were led by robust demand for Drilling & Measurements services and M-I SWACO Technologies as activity strengthened in North America and Middle East & Asia. Rig revenues from the 2014 acquisition of Saxon also contributed to Drilling Group growth.
In 2014 net income decreased by $1.2 billion due to the absence of a gain on the formation of the OneSubsea (a 40%-owned joint venture with
Impairment and other charges included
In 2014, net cash provided by the operating activities increased by 5% due to change in receivables, inventories and accounts payable and accrued liabilities.
Capitalizing on its wide geographical footprint, extensive business portfolio, and clear financial strength, the company grows both organically and through joint ventures and acquisitions.
In 2015 Schlumberger signed a long-term software contract with Chevron Energy Technology Company providing universal access to the Petrel E&P software platform across Chevron's entire earth sciences organization.
That year Schlumberger launched the Depth Domain Inversion Services to improve the reliability and consistency of seismic structural and quantitative interpretation in complex environments, and ACTive OptiFIRE, a coiled tubing real-time selective perforating and activation system that enables perforating with coiled tubing fiber-optic real-time telemetry.
In 2014 Schlumberger released of Invizion Evaluatio* well integrity service, which helps operators evaluate zonal isolation by using integrated drilling, cementing and well logging data, and the Quanta Geo photorealistic reservoir geology service, which includes the industry's first microresistivity imager that produces oriented, photorealistic, core-like images of the formation in wells drilled with oil-base mud.
Other product launches in 2014 included ELEMENTAL (degradable alloy balls for multistage stimulation treatments) and the MS Recon high-fidelity microseismic surface acquisition system (which provides improved imaging of the hydraulic fracture geometry by optimizing the microseismic signal quality).
In 2014 OneSubsea,
In 2013 Schlumberger formed OneSubsea to make and develop products, systems, and services for the subsea oil and gas market.
Mergers and Acquisitions
To better support its exploration and production clients, in 2014, Schlumberger acquired Rock Deformation Research (RDR), a UK-based company specialized in geological software development and structural geology consultancy for the oil and gas industry.
That year Schlumberger bought the remaining shares of SES Holdings Limited (Saxon), a Calgary-based provider of international land drilling services, from First Reserve and certain members of Saxon management. Saxon in 2014, operated a fleet of 87 rigs (70 drilling and 17 workover) in 10 countries, and provides support services to an additional 35 rigs worldwide.
In 2013 the company acquired Gushor, a Canada-based petroleum geochemistry and fluid analysis company focused on providing innovative production and exploration services in the heavy oil and oil sand industry.
5599 SAN FELIPE ST FL 17
Houston, TX 77056-2790
Phone: 1 (713) 375-3400
Employer Type: Privately Owned
Director: Andrew Gould
Ocean Consultant: Chad Karbinski
Manager: Andrew Richardson
Employees (This Location): 298
Employees (All Locations): 38,916