2. History
With a history and culture of science and innovation,
Schlumberger is the world’s largest oilfield services
company. They invent, design, engineer, and apply
technologies that help customers find and produce oil and
gas more efficiently and safely—often in remote and
challenging locations.
Founded in 1926, the company got its name from founders
Conrad and Marcel Schlumberger, brothers who
transformed the energy industry with the revolutionary
idea of using electrical measurements to map subsurface
rock formations.
A US $45.27B company. It Has employees over 126,000
from 140 different nations and operates in more than 85
countries.
3. Business
Schlumberger is the world's leading oilfield services
company, providing the most complete range of oilfield
services
Schlumberger supplies a wide range of products and
services from formation evaluation through directional
drilling, well cementing and stimulation, well completions
and productivity to consulting, software, information
management and IT infrastructure services that support
core industry operational processes.
WesternGeco is the world's largest seismic company and
provides advanced acquisition and data processing
services.
4. Global reach
Schlumberger manages its business through 35
GeoMarket regions, which are grouped into four
geographic areas: North America, Latin America,
Europe & Africa, Russia, Middle East and Asia.
Headquarter located at Houston, TX, United States
Present in more than 85 nations.
Employee from more than 140 nations.
5. Global expansion modes and
strategies
Acquisitions. - GECO, Prakla Seismos
Joint-ventures. - Smith International Inc, Baker Hughes,
6. Reason for its success in
globalization efforts
Invented wireline logging as a technique for obtaining
downhole data in oil and gas wells
Constant innovation
Heavy expenditure in research and development
Competitors - Halliburton Company; Baker Hughes;
Weather-ford International Ltd.; BJ Services Company;
Smith International, Inc.