Schlumberger

Profile narrative

Schlumberger, also known as SLB, is a multinational corporation that delivers technology, integrated project management, and information solutions to the upstream oil and gas sector. Its portfolio includes drilling services such as directional drilling, underbalanced drilling, and managed pressure drilling, as well as formation evaluation tools that measure rock properties while drilling. The company provides well intervention and production enhancement services, including artificial lift, stimulation, and sand control, designed to maximize hydrocarbon flow from reservoirs. Schlumberger also offers reservoir characterization services, ranging from seismic acquisition and processing to advanced modeling and simulation that inform field development plans. In addition to traditional oilfield services, the firm supplies digital platforms like the Delfi environment, which combines data analytics, artificial intelligence, and cloud computing to enable real‑time monitoring, predictive maintenance, and optimized decision‑making for operators. These solutions are sold to a broad customer base that includes national oil companies, independent explorers, and service contractors operating in both onshore and offshore environments worldwide.

Schlumberger maintains a global footprint, with operations in numerous countries worldwide and a presence in major oil‑producing regions such as the Middle East, North America, Latin America, Africa, and the Asia‑Pacific. The company’s workforce comprises tens of thousands of engineers, scientists, and field technicians who support projects ranging from shallow onshore wells to ultra‑deepwater developments. A distinguishing attribute of Schlumberger is its sustained investment in research and development, which has yielded numerous patented technologies that improve drilling efficiency, reduce non‑productive time, and enhance reservoir recovery rates. This focus on innovation has helped the firm retain its status as the world’s largest provider of oilfield services, a position reflected in its extensive service lines and integrated project execution capabilities. Structurally, Schlumberger is an independent, publicly traded entity listed on the New York Stock Exchange under the ticker symbol SLB, with its headquarters located in Houston, Texas, United States of America. In May 2023, the company disclosed that its client file transfer service, which relied on MOVEit Transfer software, was affected by a global cyberattack; the incident was confined to that service, a very small number of customers were notified, and no personal identifiable information was compromised. Following the breach, Schlumberger took the affected service offline, conducted a thorough investigation, implemented remedial actions, and communicated with impacted clients to restore confidence in its digital infrastructure.

Incidents

1 incident linked to this organisation.