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Message
re: Schlumberger - Let's talk about it
Posted on 9/11/12 at 12:44 pm to TheHiddenFlask
Posted on 9/11/12 at 12:44 pm to TheHiddenFlask
quote:
I'm not looking to be able to compete with him about knowing about his job. Just rather be knowledgable about where the industry/company is going.
That is true i was just trying to get a point on what the guy did because like i said they do so much stuff, just know his general area would provide a place to start.
Posted on 9/11/12 at 12:59 pm to barry
I don't know where to start so..
Basically the operators contract out the entire process of drilling and sometimes finding a well. Their people consist of planning the well(Pet. eng.) and organizing/managing the entire process.
SBL gets the majority of their revenue from 3 divisions:
Reservoir Characterization- Modeling of the well usually through what they call wireline, which is just a method of running instrumentation downhole via basically a long arse extension cord
Drilling- self explanatory
Reservoir production- Most likely lots of artificial lifts, ESP, and stuff. After a while the formation pressure is to the point where you actually have to pump the stuff out.
They grew a bunch after purchasing smith, especially for such a large company. Revenue jumped almost 50% year over year for 2011. Drilling went up about 75% because of the smith acquisition.
NA is still their hot bed, accounting for roughly a third of the revenue. I'm sure at SBL like most places they consider NA pretty stagnant and the Eastern hemisphere as the growth sector.
A big thing right now with service companies getting so large is selling packages to operators. We don't just want to go in and do your cementing, we want to sell you a whole set of services with well construction for example, cementing liners, drill pipe rental etc.
Hope this helps a little.
Basically the operators contract out the entire process of drilling and sometimes finding a well. Their people consist of planning the well(Pet. eng.) and organizing/managing the entire process.
SBL gets the majority of their revenue from 3 divisions:
Reservoir Characterization- Modeling of the well usually through what they call wireline, which is just a method of running instrumentation downhole via basically a long arse extension cord
Drilling- self explanatory
Reservoir production- Most likely lots of artificial lifts, ESP, and stuff. After a while the formation pressure is to the point where you actually have to pump the stuff out.
They grew a bunch after purchasing smith, especially for such a large company. Revenue jumped almost 50% year over year for 2011. Drilling went up about 75% because of the smith acquisition.
NA is still their hot bed, accounting for roughly a third of the revenue. I'm sure at SBL like most places they consider NA pretty stagnant and the Eastern hemisphere as the growth sector.
A big thing right now with service companies getting so large is selling packages to operators. We don't just want to go in and do your cementing, we want to sell you a whole set of services with well construction for example, cementing liners, drill pipe rental etc.
Hope this helps a little.
This post was edited on 9/11/12 at 1:02 pm
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