Schlumberger

Definition

Schlumberger is a leading global provider of technology and services for the oil and gas industry, particularly known for its advanced techniques in geophysical exploration and drilling. The company plays a crucial role in directional drilling, which involves drilling wells at multiple angles rather than vertically to access energy resources more efficiently. Schlumberger's innovative technologies help optimize the placement and angle of wells, improving resource extraction in challenging geological formations.

5 Must Know Facts For Your Next Test

1. Founded in 1920, Schlumberger has grown to become one of the largest oilfield services companies in the world, operating in over 120 countries.
2. The company pioneered many technologies that have transformed drilling practices, including techniques for real-time data acquisition and analysis.
3. Schlumberger's services are essential in maximizing recovery rates from complex reservoirs, ensuring economic efficiency in oil and gas extraction.
4. Their expertise in directional drilling allows operators to reach multiple targets from a single surface location, reducing environmental impact and operational costs.
5. Schlumberger invests heavily in research and development, continually innovating to address challenges in the energy sector, particularly with advanced simulation software and digital solutions.

Review Questions

• How does Schlumberger contribute to the efficiency of directional drilling operations?
  • Schlumberger enhances the efficiency of directional drilling through its advanced technologies that optimize well placement and trajectory. By using real-time data and simulations, they help operators make informed decisions about drilling angles and depths. This ensures that wells are strategically positioned to maximize resource recovery while minimizing costs and environmental impacts.
• Evaluate the impact of Schlumberger's technologies on the overall oil and gas industry practices.
  • Schlumberger's technologies significantly transformed industry practices by introducing innovations that improve drilling precision, reduce operational downtime, and enhance data analytics capabilities. Their advancements in directional drilling allow for better access to complex reservoirs, which increases production efficiency. The adoption of their methods across the industry has led to a more sustainable approach to resource extraction, emphasizing cost-effectiveness and environmental considerations.
• Assess how Schlumberger's investment in research and development influences future energy extraction strategies.
  • Schlumberger's strong commitment to research and development positions it at the forefront of technological advancements in energy extraction. By continuously innovating and adapting to new challenges, their R&D efforts enable the development of more efficient drilling methods and tools that can respond to evolving market demands. This proactive approach not only enhances their service offerings but also shapes future strategies within the oil and gas sector, pushing for sustainable practices that align with global energy needs.

Related terms

Directional Drilling: A technique used to drill non-vertical wells, allowing access to oil and gas reservoirs that are not directly beneath the drilling site.

Mud Logging: The process of recording and analyzing data from drilling mud to provide insights into the geological formations encountered during drilling.

Reservoir Engineering: A field of engineering focused on understanding and optimizing the extraction of hydrocarbons from subsurface reservoirs.