2010s
Adapting to a new energy landscape
Schlumberger’s products and services proved to be more relevant than ever, as E&P activities moved into more complex and environmentally extreme areas—especially offshore and in deep water. The search for unconventional oil and gas intensified, and Schlumberger’s unmatched commitment to research and development allowed it to deliver cutting-edge technologies, analytical tools, and expertise tailored to meet those technical challenges.
The company's offerings enabled enhanced efficiency and improved the flow of information and analysis, resulting in better reservoir characterization and more precise, effective drilling. Innovative products made a significant impact on customers, contributing to improved performance across the board, such as
- The Dielectric Scanner service, launched in 2010, the first in the industry to accurately quantify residual hydrocarbon volume, Archie’s exponents and formation cation exchange capacity (CEC), so reducing uncertainties and eliminating the wait for laboratory analysis
- MicroScope 475 resistivity- and imaging-while-drilling service revolutionizing formation evaluation, and providing key information for formation evaluation, well placement, and fracture identification
- HiWAY flow-channel hydraulic fracturing technique improved fracking operations, by increasing production while at the same time reducing water volumes and proppant requirement
Schlumberger fully embraced the digital challenge, launching new products and initiatives in the second half of the 2010s.
- The DELFI cognitive E&P environment elevated Schlumberger’s digital capabilities to a new level. As the first of its kind in the oil and gas industry, this secure, cloud-based environment harnesses data, scientific knowledge, and domain expertise to fundamentally change the industry’s way of working.
- The opening of the Schlumberger Industrial Internet Center (SLIIC) focused on architecture and infrastructure development for the cloud, data, industrial Internet of things (IoT), automation, and cybersecurity across multiple platforms.
Strategic mergers and acquisitions remained central to the company's drive to offer a comprehensive package of products and services to customers.
- The merger with Smith International in 2010 widened Schlumberger's lead as the world's largest oilfield services company in terms of revenue and market capitalization. Smith and M-I SWACO technologies and expertise complement Schlumberger's offerings, while benefiting from Schlumberger's large geographical footprint.
- The acquisition of Geoservices, also in 2010, expanded Schlumberger's products and services in mud logging, slickline and production surveillance operations.
- In 2016, Schlumberger completed its acquisition of Cameron International, combining our complementary portfolios into a pore to pipeline products and services offering. The transaction enabled the creation of technology-driven growth by integrating Schlumberger reservoir and well technology with Cameron wellhead and surface equipment, flow control, and processing technology.
Over the course of the decade, three Schlumberger CEOs left their imprint, starting with Andrew Gould who stepped down in 2011 and handed over the leadership to Paal Kibsgaard, a native of Norway. In August 2019, Olivier Le Peuch was appointed as the first French CEO of Schlumberger in over half a century.
Schlumberger continued to build on its reputation for outstanding research through the geographical expansion of its R&D network. The 2011 opening of WesternGeco's Penang Product Center in Malaysia reflected our desire to establish R&D facilities close to new hydrocarbons development areas, enabling the company to tap into new talent and tailor new products to specialized local conditions.
| Year | Event |
| 2010 | Introduces Dielectric Scanner service and Quartet downhole reservoir testing system for safer and more efficient reservoir testing Paal Kibsgaard appointed Chief Operating Officer of Schlumberger Limited Acquires Smith International, a Houston-based company, specializing in drilling tools and drilling fluid technologies Acquires Geoservices, a privately owned French oilfield services company specializing in mud logging, slickline, and production surveillance operations Acquires GeothermEx, a California-based global provider of geothermal consulting services Introduces HiWAY flow-channel fracturing technique Helps Chilean national copper company Codelco and national oil company ENAP engineer drill a third shaft planned as a backup for the ultimately successful rescue of the 33 miners trapped in the San Jose mine |
| 2011 | Acquires Framo Engineering, a privately owned Norwegian firm producing pumps, metering systems, swivels, and other marine systems to the oil and gas industry Acquires ThruBit, a Shell Technology Ventures Fund company providing openhole logging services Paal Kibsgaard appointed chief executive officer of Schlumberger Limited Releases Avocet 2012, combining an overall view of operations with engineering analysis to help avoid production shortfalls Launches several products able to maximize benefits from shale plays, including M-I SWACO's ENVIROTHERM NT system and Smith Bits' Spear drill bit Launches PowerDrive Archer high build rate rotary steerable system, delivering well profiles previously possible only with motors, and with the ROP and wellbore quality of a fully rotating RSS Launches Schlumberger Production Management (SPM) to help develop and comanage customer assets under long-term agreements Inaugurates WesternGeco Penang Product Center in Malaysia to support global demand for geophysical services |
| 2012 | Forms OneSubsea, a joint venture with Cameron, to manufacture and develop products, systems, and services for the subsea oil and gas market Opens the Schlumberger China Petroleum Institute in Beijing to provide best-in-class petrotechnical services to address technical challenges specific to China Launches ReSOLVE instrumented wireline intervention service for monitoring and control of wireline workover operations Introduces NeoScope sourceless formation evaluation-while-drilling service, the industry's first fully sourceless LWD formation evaluation service, which reduces drilling risk and delivers greater operational efficiency Releases industry-first Mangrove engineered stimulation design in the Petrel E&P software platform that enables completion and fracture modeling in the context of a shared earth model Releases SPARK technology delivery platform that merges Schlumberger stimulation technology, chemistry, and exclusive techniques to provide a new solution to address stimulation needs Introduces new resistivity and imaging-while-drilling service: MicroScope high-resolution resistivity- and imaging-while-drilling service that provide key information for formation evaluation, well placement, and fracture identification |
| 2013 | Releases DigiScope slimhole measurement-while-drilling service, which transmits high-quality data for real-time decision-making in land, extended-reach, and deepwater wells Launches Quartet-HT high-temperature downhole reservoir testing system and Quartet downhole reservoir testing system enabled by wireless telemetry, which transmits data for real-time validation Delivers enterprise knowledge management for IT professionals: Studio E&P knowledge environment empowers information management professionals to work interactively with geoscientists and engineers, improving productivity Releases Petrel 2013, which delivers advanced science for exploration, development, and production and enables enhanced collaboration and productivity Releases ONYX 360 rolling PDC cutter, an industry-first rolling PDC cutter that stays sharp longer, extending run length in abrasive formations Introduces advanced microseismic data processing for improved well completion design, notably a new moment tensor inversion service to enhance microseismic data Introduces SonicScope multipole sonic-while-drilling service for large boreholes to deliver validated measurements for improved drilling risk management Introduces Vx Spectra surface multiphase flowmeter, which provides accurate flow rate measurements for oil and gas production monitoring and allocation |
| 2014 | Introduces the MS Recon high-fidelity microseismic surface acquisition system that provides improved imaging of hydraulic fracture geometry Launches StingBlade conical diamond element bit with Stinger elements across the bit face, which increases rate of penetration while improving steering in directional drilling applications Releases the Quanta Geo photorealistic reservoir geology service that enables geoscientists to confidently model reservoir distribution Introduces GeoSphere reservoir mapping-while-drilling service, a unique reservoir mapping service around the wellbore to enhance field development strategies and to improve production Purchases the remaining shares of SES Holdings Limited ("Saxon"), a Calgary-based provider of international land drilling services Introduces BroadBand Sequence fracturing service, which enables sequential stimulation of perforation clusters in wells drilled in unconventional reservoirs to increase productivity Founds Schlumberger Software Technology Innovation Center (STIC) in Menlo Park, California |
| 2015 | Introduces Infinity dissolvable plug-and-perf system, a first for the industry Chief Executive Officer Paal Kibsgaard is appointed Chairman of the Board Introduces Depth Domain Inversion Services to reliably illuminate complex geology and reduce uncertainty through amplitude inversion Acquires Novatek, adding unique diamond technologies for improved drilling performance Acquires Fluid Inclusion Technologies, Inc. to expand rock and fluids services portfolio and add geochemical logging capability Introduces a cloud-based software-as-a-service (SaaS) solution for the INTERSECT high-resolution reservoir simulator Acquires T&T Engineering Services, a provider of land rig design |
| 2016 |
Opens new reservoir and rock analysis laboratory in Abu Dhabi, United Arab Emirates Forms OneLNG joint venture with Golar LNG Limited Acquires Omron Oilfield and Marine, Inc., a provider of automation technology and solutions Acquires Saltel Industries, an engineering, manufacturing, and service company offering expandable patches and steel packers technology Introduces Manara production and reservoir management system to enable downhole permanent monitoring and in-lateral flow control of multiple zones and compartments in real time Introduces Maze microfluidic SARA analysis for reservoir fluids characterization, an industry first that automates the process for testing oil samples Acquires Cameron International Corporation, a Houston-based leading provider of flow equipment products, system, and services Develops Cloud Hosting services for internal business systems Establishes Schlumberger Limited Industrial Internet Center (SLIIC) that focuses on architecture and infrastructure development for the cloud, data, industrial Internet of things (IoT), automation, and cybersecurity across multiple platforms |
| 2017 |
Introduces SpectraSphere fluid mapping-while-drilling service to provide accurate pressure measurements, perform downhole fluid analysis, and acquire high-quality samples while drilling Introduces Lift IQ production life cycle management service, which offers monitoring, diagnostics, and optimization of artificial lift systems in real time Schlumberger and YPF sign an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquén, Argentina Signs a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap in alignment with the Kingdom's economic vision for 2030 Forms OneStim joint venture with Weatherford to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets Introduces DrillPlan coherent well construction planning solution, the first step in the DELFI environment and part of a fully integrated well construction offering Schlumberger-Doll Research Center (SDRC) in Cambridge, Massachusetts, adds a robotics department that leverages digital technologies to address the challenges of oilfield operations – from subsea and surface to flexible manufacturing |
| 2018 | Announces intent, along with Subsea 7, to form a joint venture, thereby providing the industry with one point of contact for subsea production system (SPS) and subsea umbilicals, risers, and flowline (SURF) services Launches Tempo instrumented docking perforating gun system Introduces GyroSphere MEMS gyro-while-drilling service Commercializes HyperBlade hyberbolic diamond element bit Introduces Fulcrum cement-conveyed frac performance technology that optimizes hydraulic isolation in the horizontal well and enables more efficient fracturing without adding operational complication or cost Hexacom launches The Oilfield Marketplace, an e-commerce platform that connects oil and gas industry professionals with the products, services and information they need to optimize their assets Launches Concert well testing live performance |
| 2019 | Enters joint venture agreement with Rockwell Automation to create Sensia, the oil and gas industry's first fully integrated automation solutions provider Appoints Olivier le Peuch as Chief Executive Officer Introduces IriSphere look-ahead-while-drilling service, providing the industry's first application of electromagnetic (EM) technology for detecting formation features ahead of the drill bit in oil and gas wells Introduces Ora intelligent wireline formation testing platform, leveraging new architecture and metrology for unprecedented performance in dynamic reservoir characterization in all conditions, including reservoirs where it was previously not possible Becomes the first company in upstream E&P services to commit to setting a science-based target in line with the expectations of the Science Based Targets initiative to reduce the company’s greenhouse gas (GHG) emissions and drive measurable progress related to climate change Launches Agora edge Internet of Things (IoT) solutions that provide an edge computing and analytics platform to securely connect field devices, enabling customers to take remote action or fully automate equipment based on actionable insights |
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