HOUSTON, July 23, 2019—Schlumberger announced today an award by Chevron U.S.A. Inc. (Chevron) of a 20-year subsea equipment and services master contract for subsea development projects in the Gulf of Mexico. Combining this master contract with a preapproved catalog of standard subsea equipment will enable Chevron to decrease operating costs in its subsea projects.

The provision of a OneSubsea^® custom catalog of equipment will also include innovative technologies that meet Chevron’s project requirements, including high-temperature projects or high-pressure projects requiring equipment that can withstand up to 20,000 psi.

“We look forward to continuing our technology collaboration with Chevron to optimize project efficiency and reduce cycle times in its future Gulf of Mexico subsea projects, from concept through life-of-field services,” said Don Sweet, president, OneSubsea.

The equipment in the OneSubsea catalog includes multiphase boosting systems and flowmeters, subsea production trees, manifolds, controls and connections systems.

About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 100,000 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 executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.82 billion in 2018. For more information, visit www.slb.com.

OneSubsea is a mark of Schlumberger

For further information, contact:

Investors
Simon Farrant − Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo − Manager of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
investor-relations@slb.com

Media
Joao Felix − Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3535
communication@slb.com