Oilfield glossary
Author: m | 2025-04-25
Welcome to the Oilfield Glossary The Schlumberger Oilfield Glossary provides definitions and illustrations of oilfield terminology for the technical generalist in a single Download Schlumberger Oilfield Glossary latest version for iOS free. Schlumberger Oilfield Glossary latest update: J
Oilfield Glossary - Oil and Gas Glossary
Filter Results: All results News Events Services Companies Services Services Overview Power Services Drilling Services & Technology Completion Solutions Drill Bit Solutions Directional Drilling Services Wellbore Guidance & Navigation Oilfield Rental Services Electrical Power Systems and Controls Design, Manufacturing & Repair Services Rig Radar Rig availability and current location information. Explore now Investors Investor Overview News Events Corporate Governance Executive Leadership Board of Directors Analyst Coverage Reports, Filings & Financials Investor Resources Rig Radar Rig availability and current location information. Explore now Sustainability Sustainability Overview Sustainability Report Download Sustainability Report PDF Rig Radar Rig availability and current location information. Explore now About Us About Patterson-UTI The Patterson-UTI Companies Patterson-UTI Drilling NexTier Completion Solutions Ulterra Drilling Technologies MS Directional Superior QC Great Plains Oilfield Rental Current Power Warrior Rig Responsibility HSE Diversity Ethics SHARP Hotline The Patterson-UTI Companies One company. Many capabilities. About Patterson-UTI Careers Careers Valuing Veterans Benefit Packages Campus Recruiting Events Calendar Careers The Oilfield Is Calling Explore Careers Contact Us Contact Us LinkedIn Facebook YouTube Patterson-UTI Contact Us Connect with Us Services Services Overview Power Services Drilling Services & Technology Completion Solutions Drill Bit Solutions Directional Drilling Services Wellbore Guidance & Navigation Oilfield Rental Services Electrical Power Systems and Controls Design, Manufacturing & Repair Services Rig Radar Rig availability and current location information. Explore now Investors Investor Overview News Events Corporate Governance Executive Leadership Board of Directors Analyst Coverage Reports, Filings & Financials Investor Resources Rig Radar Rig availability and current location information. Explore now Sustainability Sustainability Overview Product Detail Tong Torque SystemTechnical FeaturesThe systems accurately indicates torque applied to oilfield tubulars as they are run thereby reducing under and over torquing, which can cause tubular failure. Each system consists of a hydraulic load cell (tension or compression type), shackles (on tension type models),Hose assembly, 6" fluid filled gauge with damper assembly and recharge kit consisting of hand pump and 1 Liter of All Weather Instrument Fluid. The two main types of Tong Torque Systems are: Tong Line Pull and Tong Torque.Tong Torque system indicators torque in foot pounds applied to each joint when using power tongs to run oilfield tubulars. These systems are available for all makes and models of power tongs and come with either compression or tension type load cells that provide an accurate check of makeup torque for all oilfield tubulars.Benefitsl Systems designed and build for the rugged requirements of the oil filled.l Load cell's are designed to ensure a long service life with minimum maintenance.l 6"Fluid filled gauge has years of proven reliability and ease of maintenance.l Target pointer on gauge helps operator maintain accurate torquel English, Metric or dual scale dials are availablel Tension or compression load cells are available for all power tonngs.The Schlumberger Oilfield Glossary by Schlumberger, English glossary
DescriptionHave a team in the field?Our enterprise accounts offer group discounts, dispatching, and advanced routing tools. Visit wellsitenavigator.com to learn more.Wellsite Navigator is the trusted oilfield navigation app, with over 150,000 users across 22 states. Since 2012, oilfield professionals have used it to search, map, and navigate to well sites, rigs, and oilfields throughout the U.S.Supported States: Texas, New Mexico, North Dakota, Alabama, Arkansas, Kentucky, California, Colorado, Illinois, Kansas, Louisiana, Mississippi, Montana, Nebraska, Nevada, Oklahoma, Pennsylvania, South Dakota, Utah, Wyoming, West Virginia, Ohio.FeaturesLease Road Navigation: Get turn-by-turn guidance on proprietary lease road maps, covering tens of thousands of miles. Navigate directly to any well pad, with new lease roads continually added.Multi-Destination Routing: Add all your daily destinations and optimize the route for efficiency, including return-to-base routing.Weekly Satellite Map Updates: Stay up-to-date with weekly satellite imagery, allowing you to see the latest lease roads and oilfield activity.Advanced Search: Search by lease name, operator, state, API number, or well location.Dynamic Map View: View nearby wells on a map, with options to zoom from a high-level cluster view down to individual wells.Cloud Profiles: Save favorites, routes, and settings across devices for easy access to your well data.Navigation Integration: Navigate to wells, SWDs, or rigs via Google Maps or Apple Maps.Favorites: Save frequently visited wells or points of interest for quick access.Offline Access: Work in airplane mode after downloading data—no cell coverage required.Monthly Well Updates: Receive automatic updates with new well locations added every month.Local Support: Our Houston-based client success team is ready to. Welcome to the Oilfield Glossary The Schlumberger Oilfield Glossary provides definitions and illustrations of oilfield terminology for the technical generalist in a singleLinks - Oilfield Glossary - Oil and Gas Glossary
Have a team in the field?Our enterprise accounts offer group discounts, dispatching, and advanced routing tools. Visit wellsitenavigator.com to learn more.Wellsite Navigator is the trusted oilfield navigation app, with over 150,000 users across 22 states. Since 2012, oilfield professionals have used it to search, map, and navigate to well sites, rigs, and oilfields throughout the U.S.Supported States: Texas, New Mexico, North Dakota, Alabama, Arkansas, Kentucky, California, Colorado, Illinois, Kansas, Louisiana, Mississippi, Montana, Nebraska, Nevada, Oklahoma, Pennsylvania, South Dakota, Utah, Wyoming, West Virginia, Ohio.FeaturesLease Road Navigation: Get turn-by-turn guidance on proprietary lease road maps, covering tens of thousands of miles. Navigate directly to any well pad, with new lease roads continually added.Multi-Destination Routing: Add all your daily destinations and optimize the route for efficiency, including return-to-base routing.Weekly Satellite Map Updates: Stay up-to-date with weekly satellite imagery, allowing you to see the latest lease roads and oilfield activity.Advanced Search: Search by lease name, operator, state, API number, or well location.Dynamic Map View: View nearby wells on a map, with options to zoom from a high-level cluster view down to individual wells.Cloud Profiles: Save favorites, routes, and settings across devices for easy access to your well data.Navigation Integration: Navigate to wells, SWDs, or rigs via Google Maps or Apple Maps.Favorites: Save frequently visited wells or points of interest for quick access.Offline Access: Work in airplane mode after downloading data—no cell coverage required.Monthly Well Updates: Receive automatic updates with new well locations added every month.Local Support: Our Houston-based client success team is ready to assist you with any issues.Free Trial: Download Wellsite Navigator and try it free for 7 days.Subscription DetailsA subscription is required for monthly data updates and full feature access.Pricing: $14.99/month or $149.99/year (17% savings).Payment is charged to your iTunes account at the end of the free trial unless canceled beforehand.Subscription auto-renews unless turned off at least 24 hours before the end of the current period.Manage subscriptions and turn off auto-renewal in your Account Settings.View our Privacy Policy and Terms of Use.FeedbackNeed help or want to suggest a feature? Contact us at [email protected]. Comparable GAAP measure, is provided below.Capital Expenditures, Free Cash Flow and LiquidityCapital expenditures in the first quarter 2021 were $2.6 million compared to capital expenditures of $1.8 million during fourth quarter 2020. The Company expects capital expenditures for the full year 2021 to be between $10.0 and $15.0 million compared to the prior guidance of $5.0 and $10.0 million. The increase is primarily driven by incremental investments in new technology.Free cash flow (defined as net cash provided by operating activities less investment in property, plant and equipment) during first quarter 2021 was $0.1 million, which represented the ninth consecutive quarter of positive free cash flow for the Company.As of March 31, 2021, the Company had approximately $55.1 million of cash on the balance sheet, which reflects about $1.23 per fully diluted share of available cash. The Company’s credit facility remains undrawn, and total liquidity, including availability under the credit facility, was $90.1 million as of the end of the first quarter 2021.Shareholder ReturnsOn March 5, 2021, the Company’s Board of Directors declared a cash dividend of $0.105 per share of Class A common stock, which was paid on March 25, 2021 to holders of record as of March 15, 2021. A distribution of $0.105 per unit was also approved for holders of units in Solaris Oilfield Infrastructure, LLC (“Solaris LLC”). Since initiating the dividend in December 2018, the Company has paid 10 consecutive quarterly dividends. Cumulatively, the Company has returned approximately $78 million in cash to shareholders through dividends and share repurchases since December 2018.Conference CallThe Company will host a conference call to discuss its first quarter 2021 results on Tuesday, May 4, 2021 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). To join the conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website at audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 10153784. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.About Solaris Oilfield Infrastructure, Inc.Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins inGlossary of oilfield jargon - Wikipedia
Schlumberger Limited (NYSE: SLB) Description of Schlumberger Limited's Business Segments Schlumberger Limited, a globally recognized leader in the oilfield services sector, provides a broad spectrum of technology, project management, and information solutions tailored for the petroleum industry. The company is strategically organized into 27 Oilfield Services GeoMarket regions, which are further divided into four major geographic areas: North America, Latin America, Europe/CIS/West Africa, and the Middle East & Asia. This well-structured approach ensures localized, client-centric support by establishing specialized teams capable of addressing the unique needs of oil and gas exploration and production. Key Segments, Products, and ServicesSchlumberger's comprehensive service portfolio is divided into eight primary segments, each designed to leverage technical synergies and provide innovative solutions tailored to the oilfield lifecycle: 1. Reservoir Characterization Group: - WesternGeco: Specializes in advanced reservoir imaging and seismic monitoring, offering a diversified range of seismic services that include: - 3D and 4D Seismic Surveys: Employs time-lapse methods to observe and analyze changes in reservoirs over time, enhancing understanding of reservoir behavior. - Multiclient Seismic Data: Provides access to an extensive pre-existing library of seismic data, facilitating better delineation of exploration prospects. - Data Processing Services: Uses advanced technology to process complex seismic data, aiming to transform raw data into actionable insights for clients. - Wireline Services: Offers both open-hole and cased-hole logging capabilities for thorough downhole evaluations, supporting production monitoring and decision-making. - Testing Services: Critical for assessing the productivity and potential of hydrocarbon reservoirs, providing key insights before full-scale production. - Data & Consulting Services: Delivers expert consulting focused on optimizing production and enhancing reservoir characterization to improve overall yield. Drilling Group: - Comprehensive Drilling Solutions: This segment includes a variety of services aimed at improving drilling efficiency: - Directional Drilling: Utilizes advanced tools to facilitate precise well placement, ensuring that wells are drilled exactly where they are needed. - Measurement-While-Drilling (MWD) and Logging-While-Drilling (LWD): Provides real-time data that inform drilling decisions, enhancing operational efficiency. - Bits & Advanced Technologies: Offers a wide selection of drill bits and technology designed to optimize drilling performance and reduce costs. - Drilling Fluids: Managed by M-I SWACO, supplies specialized fluids intended to enhance the drilling process and ensure well integrity. Reservoir Production Group: - Focus on Continuous Monitoring and Optimization: This segment is dedicated to improving oil and gas production methods: - Well Services: Incorporates completion, stimulation, and artificial lift services essential for maintaining productionGLOSSARY OF OILFIELD TERMS - oildrillingservices.com
DNV's intelligent certification. One such system is configured to collect operations and maintenance data in real time, perform cloud-based processing, and carry out remote coordination and optimised decision-making. CNOOC added that the system can contribute to a 35 per cent increase in operating efficiency.The rig is also equipped with an intelligent blowout preventer system that automatically closes onboard valves in the event of an emergency to mitigate the danger to the crew.DeepBlue Explorer is being operated by CNOOC subsidiary China Oilfield Services (COSL). The rig began work on its first project in September 2021 by drilling an exploratory well at the mouth of the Pearl River Basin in the South China Sea. The site is located near the Liuhua 16-2 oil field some 230 kilometres southeast of Hong Kong in water depths of 370 metres. Immediately upon completion of this project, the rig will be deployed in the Natuna Sea off Indonesia to serve a 300-day drilling campaign for Medco Energi.Photo: CMHI" width="100%" height="100%" sizes="(max-width: 768px) 90vw, 50vw">Photo: CMHI DeepBlue Explorer SPECIFICATIONSType of vessel:Offshore drilling platformClassification:DNVFlag:ChinaOwner:China National Offshore Oil CorporationOperator:China Oilfield ServicesBuilder:China Merchants Heavy IndustryHull construction material:SteelSuperstructure construction material:SteelDeck construction material:SteelLength overall:109 metresBeam:74 metresOther electronics:Intelligent operations and maintenance system; intelligent blowout preventer systemOther deck equipment:Anchors; mooring linesOther equipment installed:Huisman drilling equipment. Welcome to the Oilfield Glossary The Schlumberger Oilfield Glossary provides definitions and illustrations of oilfield terminology for the technical generalist in a singleGlossary of oilfield jargon - Wikiwand
Post Views: 6,275 Slug mud is typically pumped into the drill string in order to push the mud inside the drill pipe down so the drill pipe will be clean and ready for pulling out of hole. Since slug is heavier, it will push the lighter mud out of the well. Figure 1 demonstrates how slug displaces current mud out of hole.Figure 1 – Diagram Shows Volume Gain from SlugThe volume of mud pushed out of the well, typically called “volume gain from slug” can be determined by the equation below;Volume Gain from Slug = Slug Volume × (Slug Weight – Current Mud Weight) ÷ Current Mud WeightCalculation Oilfield UnitUnits used in oilfield are listed below;Volume Gain from Slug in bblSlug Volume in bblSlug Weight in ppgCurrent Mud Weight in ppgExample: Determine volume gain from slug with the following parameters.Volume slug = 30 bblCurrent mud weight = 12 ppgSlug weight = 15 ppgVolume Gain from Slug = 30 × (15- 12) ÷ 12Volume Gain from Slug = 7.5 bblCalculation Metric UnitUnits used in metric are listed below;Volume Gain from Slug in m³Slug Volume in m³Slug Weight in kg/m³Current Mud Weight in kg/m³Example: Determine volume gain from slug with the following parameters.Volume slug = 5 m³Current mud weight = 1,440 kg/m³Slug weight = 1,800 kg/m³Volume Gain from Slug = 5 × (1,800 – 1,440) ÷ 1,440Volume Gain from Slug = 1.3 m³The calculation sheet is provided by checking the image below. This spreadsheet can be modified to suit your work too.Comments
Filter Results: All results News Events Services Companies Services Services Overview Power Services Drilling Services & Technology Completion Solutions Drill Bit Solutions Directional Drilling Services Wellbore Guidance & Navigation Oilfield Rental Services Electrical Power Systems and Controls Design, Manufacturing & Repair Services Rig Radar Rig availability and current location information. Explore now Investors Investor Overview News Events Corporate Governance Executive Leadership Board of Directors Analyst Coverage Reports, Filings & Financials Investor Resources Rig Radar Rig availability and current location information. Explore now Sustainability Sustainability Overview Sustainability Report Download Sustainability Report PDF Rig Radar Rig availability and current location information. Explore now About Us About Patterson-UTI The Patterson-UTI Companies Patterson-UTI Drilling NexTier Completion Solutions Ulterra Drilling Technologies MS Directional Superior QC Great Plains Oilfield Rental Current Power Warrior Rig Responsibility HSE Diversity Ethics SHARP Hotline The Patterson-UTI Companies One company. Many capabilities. About Patterson-UTI Careers Careers Valuing Veterans Benefit Packages Campus Recruiting Events Calendar Careers The Oilfield Is Calling Explore Careers Contact Us Contact Us LinkedIn Facebook YouTube Patterson-UTI Contact Us Connect with Us Services Services Overview Power Services Drilling Services & Technology Completion Solutions Drill Bit Solutions Directional Drilling Services Wellbore Guidance & Navigation Oilfield Rental Services Electrical Power Systems and Controls Design, Manufacturing & Repair Services Rig Radar Rig availability and current location information. Explore now Investors Investor Overview News Events Corporate Governance Executive Leadership Board of Directors Analyst Coverage Reports, Filings & Financials Investor Resources Rig Radar Rig availability and current location information. Explore now Sustainability Sustainability Overview
2025-04-22Product Detail Tong Torque SystemTechnical FeaturesThe systems accurately indicates torque applied to oilfield tubulars as they are run thereby reducing under and over torquing, which can cause tubular failure. Each system consists of a hydraulic load cell (tension or compression type), shackles (on tension type models),Hose assembly, 6" fluid filled gauge with damper assembly and recharge kit consisting of hand pump and 1 Liter of All Weather Instrument Fluid. The two main types of Tong Torque Systems are: Tong Line Pull and Tong Torque.Tong Torque system indicators torque in foot pounds applied to each joint when using power tongs to run oilfield tubulars. These systems are available for all makes and models of power tongs and come with either compression or tension type load cells that provide an accurate check of makeup torque for all oilfield tubulars.Benefitsl Systems designed and build for the rugged requirements of the oil filled.l Load cell's are designed to ensure a long service life with minimum maintenance.l 6"Fluid filled gauge has years of proven reliability and ease of maintenance.l Target pointer on gauge helps operator maintain accurate torquel English, Metric or dual scale dials are availablel Tension or compression load cells are available for all power tonngs.
2025-03-28DescriptionHave a team in the field?Our enterprise accounts offer group discounts, dispatching, and advanced routing tools. Visit wellsitenavigator.com to learn more.Wellsite Navigator is the trusted oilfield navigation app, with over 150,000 users across 22 states. Since 2012, oilfield professionals have used it to search, map, and navigate to well sites, rigs, and oilfields throughout the U.S.Supported States: Texas, New Mexico, North Dakota, Alabama, Arkansas, Kentucky, California, Colorado, Illinois, Kansas, Louisiana, Mississippi, Montana, Nebraska, Nevada, Oklahoma, Pennsylvania, South Dakota, Utah, Wyoming, West Virginia, Ohio.FeaturesLease Road Navigation: Get turn-by-turn guidance on proprietary lease road maps, covering tens of thousands of miles. Navigate directly to any well pad, with new lease roads continually added.Multi-Destination Routing: Add all your daily destinations and optimize the route for efficiency, including return-to-base routing.Weekly Satellite Map Updates: Stay up-to-date with weekly satellite imagery, allowing you to see the latest lease roads and oilfield activity.Advanced Search: Search by lease name, operator, state, API number, or well location.Dynamic Map View: View nearby wells on a map, with options to zoom from a high-level cluster view down to individual wells.Cloud Profiles: Save favorites, routes, and settings across devices for easy access to your well data.Navigation Integration: Navigate to wells, SWDs, or rigs via Google Maps or Apple Maps.Favorites: Save frequently visited wells or points of interest for quick access.Offline Access: Work in airplane mode after downloading data—no cell coverage required.Monthly Well Updates: Receive automatic updates with new well locations added every month.Local Support: Our Houston-based client success team is ready to
2025-04-22Have a team in the field?Our enterprise accounts offer group discounts, dispatching, and advanced routing tools. Visit wellsitenavigator.com to learn more.Wellsite Navigator is the trusted oilfield navigation app, with over 150,000 users across 22 states. Since 2012, oilfield professionals have used it to search, map, and navigate to well sites, rigs, and oilfields throughout the U.S.Supported States: Texas, New Mexico, North Dakota, Alabama, Arkansas, Kentucky, California, Colorado, Illinois, Kansas, Louisiana, Mississippi, Montana, Nebraska, Nevada, Oklahoma, Pennsylvania, South Dakota, Utah, Wyoming, West Virginia, Ohio.FeaturesLease Road Navigation: Get turn-by-turn guidance on proprietary lease road maps, covering tens of thousands of miles. Navigate directly to any well pad, with new lease roads continually added.Multi-Destination Routing: Add all your daily destinations and optimize the route for efficiency, including return-to-base routing.Weekly Satellite Map Updates: Stay up-to-date with weekly satellite imagery, allowing you to see the latest lease roads and oilfield activity.Advanced Search: Search by lease name, operator, state, API number, or well location.Dynamic Map View: View nearby wells on a map, with options to zoom from a high-level cluster view down to individual wells.Cloud Profiles: Save favorites, routes, and settings across devices for easy access to your well data.Navigation Integration: Navigate to wells, SWDs, or rigs via Google Maps or Apple Maps.Favorites: Save frequently visited wells or points of interest for quick access.Offline Access: Work in airplane mode after downloading data—no cell coverage required.Monthly Well Updates: Receive automatic updates with new well locations added every month.Local Support: Our Houston-based client success team is ready to assist you with any issues.Free Trial: Download Wellsite Navigator and try it free for 7 days.Subscription DetailsA subscription is required for monthly data updates and full feature access.Pricing: $14.99/month or $149.99/year (17% savings).Payment is charged to your iTunes account at the end of the free trial unless canceled beforehand.Subscription auto-renews unless turned off at least 24 hours before the end of the current period.Manage subscriptions and turn off auto-renewal in your Account Settings.View our Privacy Policy and Terms of Use.FeedbackNeed help or want to suggest a feature? Contact us at [email protected].
2025-04-14Comparable GAAP measure, is provided below.Capital Expenditures, Free Cash Flow and LiquidityCapital expenditures in the first quarter 2021 were $2.6 million compared to capital expenditures of $1.8 million during fourth quarter 2020. The Company expects capital expenditures for the full year 2021 to be between $10.0 and $15.0 million compared to the prior guidance of $5.0 and $10.0 million. The increase is primarily driven by incremental investments in new technology.Free cash flow (defined as net cash provided by operating activities less investment in property, plant and equipment) during first quarter 2021 was $0.1 million, which represented the ninth consecutive quarter of positive free cash flow for the Company.As of March 31, 2021, the Company had approximately $55.1 million of cash on the balance sheet, which reflects about $1.23 per fully diluted share of available cash. The Company’s credit facility remains undrawn, and total liquidity, including availability under the credit facility, was $90.1 million as of the end of the first quarter 2021.Shareholder ReturnsOn March 5, 2021, the Company’s Board of Directors declared a cash dividend of $0.105 per share of Class A common stock, which was paid on March 25, 2021 to holders of record as of March 15, 2021. A distribution of $0.105 per unit was also approved for holders of units in Solaris Oilfield Infrastructure, LLC (“Solaris LLC”). Since initiating the dividend in December 2018, the Company has paid 10 consecutive quarterly dividends. Cumulatively, the Company has returned approximately $78 million in cash to shareholders through dividends and share repurchases since December 2018.Conference CallThe Company will host a conference call to discuss its first quarter 2021 results on Tuesday, May 4, 2021 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). To join the conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website at audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 10153784. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.About Solaris Oilfield Infrastructure, Inc.Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in
2025-04-22Schlumberger Limited (NYSE: SLB) Description of Schlumberger Limited's Business Segments Schlumberger Limited, a globally recognized leader in the oilfield services sector, provides a broad spectrum of technology, project management, and information solutions tailored for the petroleum industry. The company is strategically organized into 27 Oilfield Services GeoMarket regions, which are further divided into four major geographic areas: North America, Latin America, Europe/CIS/West Africa, and the Middle East & Asia. This well-structured approach ensures localized, client-centric support by establishing specialized teams capable of addressing the unique needs of oil and gas exploration and production. Key Segments, Products, and ServicesSchlumberger's comprehensive service portfolio is divided into eight primary segments, each designed to leverage technical synergies and provide innovative solutions tailored to the oilfield lifecycle: 1. Reservoir Characterization Group: - WesternGeco: Specializes in advanced reservoir imaging and seismic monitoring, offering a diversified range of seismic services that include: - 3D and 4D Seismic Surveys: Employs time-lapse methods to observe and analyze changes in reservoirs over time, enhancing understanding of reservoir behavior. - Multiclient Seismic Data: Provides access to an extensive pre-existing library of seismic data, facilitating better delineation of exploration prospects. - Data Processing Services: Uses advanced technology to process complex seismic data, aiming to transform raw data into actionable insights for clients. - Wireline Services: Offers both open-hole and cased-hole logging capabilities for thorough downhole evaluations, supporting production monitoring and decision-making. - Testing Services: Critical for assessing the productivity and potential of hydrocarbon reservoirs, providing key insights before full-scale production. - Data & Consulting Services: Delivers expert consulting focused on optimizing production and enhancing reservoir characterization to improve overall yield. Drilling Group: - Comprehensive Drilling Solutions: This segment includes a variety of services aimed at improving drilling efficiency: - Directional Drilling: Utilizes advanced tools to facilitate precise well placement, ensuring that wells are drilled exactly where they are needed. - Measurement-While-Drilling (MWD) and Logging-While-Drilling (LWD): Provides real-time data that inform drilling decisions, enhancing operational efficiency. - Bits & Advanced Technologies: Offers a wide selection of drill bits and technology designed to optimize drilling performance and reduce costs. - Drilling Fluids: Managed by M-I SWACO, supplies specialized fluids intended to enhance the drilling process and ensure well integrity. Reservoir Production Group: - Focus on Continuous Monitoring and Optimization: This segment is dedicated to improving oil and gas production methods: - Well Services: Incorporates completion, stimulation, and artificial lift services essential for maintaining production
2025-04-17