2010 HAR H-Town Day- Andy Hendricks

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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 />

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