HOUSTON, June 1, 2016—Schlumberger announced today the acquisition of Saltel Industries, a France-based engineering, manufacturing and service company that offers expandable patches and steel packers technology for the oil and gas industry.

“Saltel Industries has an impressive track record in providing expandable steel patch technology to the remedial services market and has developed an innovative portfolio of openhole steel packer technology,” said Olivier Le Peuch, president, Schlumberger Completions. “This acquisition strengthens our technology portfolio in the growing completions remedial services market and the unique expandable steel packer technology has the potential to disrupt the openhole isolation market.”

Over the last few years, Saltel Industries has developed expertise and established a commercial track record in both inflatable packers and expandable tubulars for steel patches or packer technology applications. The company’s efficient deployment of expandable steel patches is recognized for its effective water shut-off applications to restore production in wells. Also, in cementing operations the application of expandable open steel packer technology for external casing packers has resulted in lowering operational risk and cost compared to traditional inflatable packers.

“I am very excited with this transaction, which is an important milestone for Saltel Industries as it will leverage Schlumberger’s footprint to maximize market access for our products and, in particular, expandable steel patch technology,” said Jean-Louis Saltel, managing director, Saltel Industries. “By combining Saltel Industries’ innovation in steel expandable technology with Schlumberger’s strong technology integration capability, we will offer unique well integrity and zonal isolation applications to our customers.”

Saltel Industries is headquartered in Bruz near Rennes, France, and has offices in five locations globally with 70 employees who will continue to operate under the leadership of Jean-Louis Saltel and his management team. For more information on Saltel Industries, please visit www.saltel-industries.com.

About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 113,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $35.47 billion in 2015. For more information, visit www.slb.com.

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For further information, contact:

Susan Ganz
Public Relations Manager–Western Hemisphere
Schlumberger
Tel:+1 713-939-2997
sganz1@slb.com