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Schlumberger Nigeria Business Profile





Schlumberger has operated in Nigeria as a locally incorporated company since 1970. Prior to this, in 1956 Schlumberger logged the first and the oldest oil well in Nigeria. Since that time Schlumberger has logged many other historical wells in Nigeria. Our objective is to assist operating companies in maximizing asset value through the application of best practices, advanced oilfield technologies, service quality at the well site, as well as promoting safe and environmentally sound operations. Our trained and highly qualified professionals deliver these services. In a constantly changing market place, oilfield efficiency is a crucial factor for success. Today, more than ever before, service companies must provide operators with integrated engineering solutions that help lower lifting costs and improve reserve recovery to ensure the future growth and profitability of the E&P industry. Schlumberger is readily meeting these challenges and more in Nigeria with a streamlined organization, focus on local problems, a continuing commitment to leadership in technical innovation and a dedication to creating added value throughout the lives of oil and gas fields. We are working with our clients in an atmosphere of Teamwork, Innovation and Value Creation.

Who we are

Schlumberger Limited (NYSE:SLB) is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 120,000 people representing over 140 nationalities and working in more than 85 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production. We provide the most complete range of oilfield services from surface seismic to drilling, formation evaluation, well completion and stimulation services, production optimization, reservoir studies, well construction and integrated project management. We provide all these services in Nigeria.

We aim to do business in a consistent and transparent way with all our clients and do not hold equity stakes in our customers’ assets. Customers place a great deal of trust in us, particularly when it comes to handling sensitive and confidential information. Our reputation for integrity and fair dealing is vitally important in winning and retaining this trust.

Schlumberger has principal offices in Houston, Paris and The Hague. Revenue was $42.15 billion in 2012. Schlumberger stock is listed on the New York Stock Exchange, ticker symbol SLB, on the Euronext Paris, Euronext Amsterdam, London and the SWX Swiss stock exchanges.

Research and Development

The company was founded by the two Schlumberger brothers who invented wireline logging as a technique for obtaining downhole data in oil and gas wells. Today, it continues to build on the industry’s longest track record of providing leading edge E&P technology to develop new advancements-from reservoir to surface. Schlumberger has always invested significant time and money on research and engineering as a long-term strategy to support and grow its technology leadership. Short-term business cycles do not affect this. In 2012, we invested $1.2 billion in R&D for our oilfield activities. Schlumberger invests more each year in R&D than all other oilfield services companies combined.

Schlumberger Nigeria Products, Services and Solutions

Schlumberger services and solutions combine domain expertise, best practices, safe and environmentally sound well site operations, innovative technologies, and high-quality support aimed at helping its customers increase oilfield efficiency, lower finding and producing costs, improve productivity, maximize reserve recovery, and increase asset value in a safe, environmentally sound manner.

Today, Schlumberger Oilfield Services solutions include open-hole and cased-hole wireline logging; drilling services such as drilling fluids, drilling and measurements, drill bits and drilling tools and remedial; well services, such as cementing, coiled tubing, stimulations and sand control; well completion services including well testing and artificial lift; interpretation and consulting services; and integrated project management. Strong technical and operational support to the field is vital to the success of any complex global operation that includes remote locations. The key is to provide real-time linkage with world-class experts and knowledge, delivering the latest and best problem-solving capabilities-anywhere, anytime. The company’s InTouchsupport.com knowledge management tool improves field access to Schlumberger technology centers through the most advanced IT tools, 24-hours a day, seven days a week.

Enhancing core E&P operations to improve production, increase reserves and drill better wells requires the integration of innovative information technology. Schlumberger Information Solutions (SIS) offers a unique combination of people and processes, technology and infrastructure, and real-time IT enablers-delivering key value-adding solutions to overcome a myriad of challenges confronting industry operational processes. SIS offers information management, software technology and infrastructure services. Combined with the domain experience available through the Business Consulting group, these enable oil and gas companies to enhance their workflows and achieve their goals.

As the industry’s focus is moving towards maximizing post-plateau production and ultimate recovery, oil companies have to face more and more resource intensive projects. Integrated Project Management (IPM) is the Schlumberger response to this challenge and a significant growth area for Schlumberger. IPM activity is characterized by long-term relationships between the customer and Schlumberger. It offers a combination of engineering, process management and understanding of Schlumberger segment technologies. As well as providing technology and expertise, Schlumberger often works with local subcontractors to harness local knowledge and experience. Schlumberger has achieved a number of successes in IPM in particular in Mexico. The Burgos project for example, has delivered over 237 completed wells, which include the drilling of 2.3 million ft of hole. The benefits to the customer have included accelerated production, reduced capital expenditure and increased efficiency.

Schlumberger Offices in Nigeria

HEAD Office: Port-Harcourt Address:  Warri Address:
Schlumberger Oilfield Services
17 Idowu Taylor Street,
Victoria Island
P. O. Box 1625, Lagos
Lagos State, NigeriaTel:  (01) 4621400-20
Plot 161Trans-Amadi
Industrial Layout
P.O. Box 564, Port Harcourt
Rivers State, NigeriaTel: (084) 237879
148, Airport Road
Effurrun Road
P.O. Box 153, Warri
Delta State, NigeriaTel:  (056) 251613