2010 HAR H-Town Day- Andy Hendricks

1,087 views

Published on

Schlumberger

Published in: Business, Economy & Finance
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,087
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
81
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide
  • The Schlumberger management structure reflects the culture of diversity that has been established since the early days of the company. It reflects the distribution of countries in which we operate. The graphic shows three groups of nationalities: current management, ready now and ready in the future
  • This slide will set the stage for the rationale behind the increase in well count going forward. The message will be that in order to increase production, additional wells will have to be drilled in the existing fields of the world.
  • 2010 HAR H-Town Day- Andy Hendricks

    1. 1.
    2. 2. This presentation contains “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts, such as Schlumberger forecasts, or expectations regarding business outlook; growth for Schlumberger as a whole and for each of Oilfield Services and WesternGeco (and for specified products or geographic areas within each segment); oil and natural gas demand and production growth; operating margins; capital expenditures by Schlumberger and the oil and gas industry; the business strategies of Schlumberger customers; and future results of operations. These statements are subject to risk and uncertainties; including but not limited to, the current global economic downturn; changes in exploration and production spending by Schlumberger customers and changes in the level of oil and natural gas exploration and development; general economic and business condition in key regions of the world; the financial condition of our suppliers and customers in light of current global economic conditions, pricing erosion; third-party service costs, operational and project modifications, delays or cancelations; exploitation of technology; seasonal factors and weather-related events; and other risks detailed in our most recent Forms 10-K and 10-Q and other filings that we make with the Securities and Exchange Commission. If one or more of these risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.<br />1<br />
    3. 3. Company Overview<br />2<br />
    4. 4. Measurement—The Heart of Schlumberger<br />3<br />
    5. 5. Schlumberger Today<br /><ul><li>The world’s leading supplier of technology, integrated project management and information solutions to oil and gas E&P
    6. 6. Approximately 105,000 people of over 140 nationalities working in more than 80 countries worldwide
    7. 7. A Netherlands Antilles corporation, listed on the NYSE as a full member, part of the S&P 500
    8. 8. A true multinational corporation in the composition of its workforce, management team and Board of Directors</li></ul>4<br />
    9. 9. Investment and Growth<br />5<br />Source: Company Data December 2008<br />Source: Company Data December 2009<br />
    10. 10. 2009 Financial Highlights<br />WesternGeco<br />OilfieldServices<br /><ul><li>Revenue: $22.70 Billion
    11. 11. Net Income: $3.16 Billion
    12. 12. Total R&E: $802 Million
    13. 13. Land & Marine Seismic
    14. 14. Seismic Data Processing
    15. 15. Multiclient Data Library
    16. 16. Electromagnetics
    17. 17. Wireline
    18. 18. Drilling & Measurements
    19. 19. Testing Services
    20. 20. Well Services
    21. 21. Completions
    22. 22. Artificial Lift
    23. 23. Data & Consulting Services
    24. 24. Schlumberger Information Solutions
    25. 25. Integrated Project Management</li></ul>Schlumberger at a Glance<br />6<br />Approximately 105,000 People<br />Representing 140 Nationalities<br /><ul><li>27 GeoMarkets-4Areas
    26. 26. 22 R&E Centers</li></ul>Working in more than80 Countries<br />Technology Solutions<br />Deep Industry Knowledge<br />Global Culture<br />
    27. 27. Schlumberger People<br />
    28. 28. Investment in People <br />8<br /><ul><li>More than 20,000 engineers and specialists from 140 countries and 200 universities recruited since 2004
    29. 29. $200 million invested in state-of-the-art training centers
    30. 30. University recruiting continuing
    31. 31. Experienced personnel retirement actively managed</li></ul>Source: Company Data<br />
    32. 32. Global Reach and Culture<br />9<br />Source: Company Data 2009<br />
    33. 33. Schlumberger—Diversity of Management<br />Ready in the Future<br />Ready Now<br />SLB Management<br />10<br />
    34. 34. Geographically Focused Operations<br />11<br />NAM<br />NAM<br />ECA<br />ECA<br />NAM<br /><ul><li>Alaska
    35. 35. Canada
    36. 36. Gulf Coast
    37. 37. US Land</li></ul>LAM<br />MEA<br />LAM<br />LAM<br />MEA<br />ECA<br /><ul><li>North Sea
    38. 38. Continental Europe
    39. 39. Russia, Caspian
    40. 40. North Africa, Libya
    41. 41. Nigeria and Gulf of Guinea
    42. 42. West and South Africa
    43. 43. Mexico, Brazil
    44. 44. Argentina/Bolivia/Chile
    45. 45. Peru/Colombia/Ecuador
    46. 46. Venezuela/Trinidad & Tobago
    47. 47. Australasia/Papua New Guinea
    48. 48. China/Japan/Korea
    49. 49. Brunei/Malaysia/Philippines/Thailand/Vietnam
    50. 50. India, Indonesia
    51. 51. Saudi Arabia/Kuwait/Bahrain
    52. 52. East Mediterranean
    53. 53. Gulf, Iran, Qatar</li></li></ul><li>Industry Outlook<br />
    54. 54. World Primary Energy Demand Grows by 40% by 2030<br />18 000<br />16 000<br />Other renewables<br />14 000<br />Biomass<br />12 000<br />Hydro<br />10 000<br />Mtoe<br />Nuclear<br />8 000<br />Gas<br />6 000<br />4 000<br />Oil<br />2 000<br />Coal<br /> 0<br />WEO-2008 total<br />1980<br />1990<br />2000<br />2010<br />2020<br />2030<br />13<br />Source: IEA World Energy Outlook 2009<br />
    55. 55. Long-Term Oil Supply—Offshore versus Onshore<br />Unspecified<br />Deepwater<br />Shallow<br />Onshore<br />NGLs<br />Unconventional oil<br />Crude oil - to be developed or found<br />Crude oil - currently producing fields<br />AnnualProduction Type of Production<br />14<br />14<br />Source: IEA World Energy Outlook 2009, WoodMcKenzie<br />
    56. 56. Long-Term Gas Supply—Conventional versus Unconventional<br />AnnualProduction Type of Production <br />15<br />15<br />Source: IEA World Energy Outlook 2009<br />
    57. 57. Growth in the Drilling Services Market<br />If you want to find oil, you have to drill<br />2015<br />$30.4 B<br /> 2010<br />$9.5 B<br />2000<br />Mud Logging <br />Rental & Fishing <br />Drilling Tools<br />Drill Bits<br />Drilling Fluids <br />Directional Drilling <br />LWD <br />16<br />Source: Spears Oilfield Market Report 2010, Company Analysis. <br />
    58. 58. Evolution of Horizontal Wells in North America<br />Number of Wells<br />17<br />Source: Company Analysis<br />
    59. 59. Offshore Rig Fleet—Growth and Availability<br />Deepwater Rig Additions 2008-2013<br />Total Fleet (excluding platform rigs) 2000-2013<br />Total Fleet (excluding platform rigs) 2000-2013<br /><ul><li>44 deepwater rigs delivered, 67 under construction and in the market by mid-2013
    60. 60. Some slippage in deliveries has been seen, 76% of new builds have contracts.</li></ul>18<br />Source: Analysis SLB, ODS Petrodata, RIGBASE, AUG 2010<br />
    61. 61. Land and Offshore Rig Counts 2000-2010<br />International & North America Land Rigs<br />Offshore Rig Count<br />Land Rig Count<br />International Offshore Rigs<br />International Land Rigs<br />19<br />Source: M-I SWACO rig count<br />
    62. 62. R&E Investment and Hydrocarbon Resources<br />20<br />Undexplored and underdeveloped areas<br />Unconventional oils and gases<br />Harsh and hostile environments<br />Increased recovery from producing fields<br />
    63. 63. Outlook Summary<br /><ul><li>Higher levels of drilling will be necessary to sustain and increase world oil and natural gas production
    64. 64. Industry will move to increasingly complex projects
    65. 65. Continuing investment in People and R&E
    66. 66. Extremely optimistic about the future of Schlumberger and our industry</li></ul>21<br />

    ×