Investor Highlights

Expansion in Saudi Arabia

In Saudi Arabia, Schlumberger announced plans to develop a state-of-the-art industrial manufacturing center at the King Salman Energy Park. The 500,000-m2 center will manufacture products for drilling, exploration, production, and midstream operations. The first phase is expected to be completed in the second quarter of 2018.

Also in Saudi Arabia, Saudi Aramco awarded Schlumberger two IDS contracts to provide drilling rigs and services for up to 146 gas wells and up to 128 oil wells over three years. IDS will use enhanced processes and the latest technology to:

  • increase efficiency levels
  • improve cost effectiveness
  • maintain the highest operational safety standards

To read more, please visit the Saudi Aramco site here.

Strategic Partnership

In September 2017, it was announced that BP will be a strategic partner on DrillPlan* digital well construction planning solution and on a future execution solution focused on the drilling of a well. The DrillPlan solution:

  • is the first step in the DELFI* cognitive E&P environment
  • has the potential to deliver a well planning program in days rather than weeks
  • is part of a fully integrated well construction offering

BP will pilot these solutions during its development of the Khazzan field in Oman.

Mitigating the Need for Pilot Holes

GeoSphere* reservoir mapping-while-drilling service enables customers to precisely land wells in the target zone, which decreases the technical risks for completions operations. Examples of how the GeoSphere service helps reduce operating costs include:

  • Offshore Russia, LUKOIL-Nizhnevolzhskneft saved $4.6 million dollars in operating costs by eliminating the need for three pilot wells in the Filanovsky field
  • In the UK sector of the North Sea, Centrica Energy eliminated the need for a pilot hole and complex sidetracking operations in the Chestnut field

In Russia, well construction was performed 19 days faster than planned. In the North Sea, GeoSphere maximized reservoir exposure of the horizontal well in a complex injectite reservoir.

Shale Plays Increase Production

In North America land, Encana refractured wells in two shale plays using the BroadBand Sequence* fracturing service.

  • In the Eagle Ford Shale, the Broadband Sequence service increased oil production in one well from approximately 50 bbl/d to 650 bbl/d and increased flowing pressure from 250 psi to 5,000 psi.
  • In the Haynesville Shale, the BroadBand Sequence service helped increase gas production in one well from 100 Mscf/d to 5,000 Mscf/d, with flowing pressure increasing from 1,500 psi to 6,000 psi.

Selection of the wells for refracturing was based on quality of the reservoir, completion and production history, and location relative to offset wells.

Capital-Efficient Solutions Reduce Average Lead Times and Project Cost

Introduced in 2014, Capital-Efficient Solutions extend to OneSubsea’s market-leading subsea boosting technology and are now an integral part of all customer projects. Capital-Efficient Solutions:

  • reduce the average lead times of subsea products by more than 50%, saving up to 60% in project costs
  • deliver integrated subsea production systems that reduce project cycle time and overall cost.

Adopting prequalified quality plans, suppliers, and materials and welding specifications has enhanced the efficiency and reliability of the product-manufacturing life cycle.

Highlights Archive