Furthermore, the foundation for our 2019 plans is a clear commitment to generate sufficient cash flow to cover all our business needs, without increasing net debt. Schlumberger annual revenue increased from $32.8 billion in 2018 to $32.9 billion in 2019, a (0.3%) increase. Annual Report. Work began in December 2018 and delivery is scheduled for the first quarter of 2020. Don't have an account? Schlumberger Chairman and CEO Paal Kibsgaard commented, “Full-year 2018 revenue of $32.8 billion increased 8% year-on-year and grew for the second successive year. PowerDrive Orbit system technology drilled a 7,600-ft lateral section in a single run in a little over 29 hours, which is nearly twice as fast as similar lateral sections in offset wells in this formation that averaged 56.1 on-bottom hours when using conventional motors. “From a macro perspective, the dramatic fall in oil prices in the fourth quarter was largely driven by the US shale production surprising to the upside as a result of the surge in activity earlier in the year, and as geopolitics negatively impacted the global demand- and supply-balance sentiments. Cameron revenue declined 3% sequentially, mostly due to lower revenue from our OneSubsea and Valves & Measurement product lines.

It was $322 million at the end of the third quarter of 2018. Multiclient sales, including transfer fees, were $176 million in the fourth quarter of 2018 and $139 million in the third quarter of 2018. Europe/CIS/Africa Area consolidated revenue of $1.8 billion increased 1% sequentially despite the seasonal activity decline in Russia and the North Sea. The unamortized balance of Schlumberger’s investments in SPM projects was approximately $4.2 billion at December 31, 2018 and September 30, 2018, respectively. The GeoSphere service mapped channel sands 20 m to 30 m from the wellbore, which improved the customer's understanding of the formation, maximizing reservoir contact and recovery. SPM revenue along with the amortization of the capitalized investments and other operating costs incurred in the period are reflected within the Production segment.

Schlumberger will invest its own services, products, and in some cases, cash, into the field development activities and operations. However, excluding Cameron, international revenue for the second half of 2018 showed year-over-year g… Request Information. Performance was driven by North America where revenue of $12.0 billion increased 26% due to the results of our OneStim®business, which grew by 41%. US Eastern Time. Le Peuch Speaks at Barclays CEO Energy-Power ConferencePresentation & Script PDF (918 KB PDF)Presentation PDF (Slides Only) (1.8 MB PDF) August 26, 2014 Well Services revenue also declined internationally from lower hydraulic fracturing activity in Argentina. The combination of these factors, together with a large sell-off in the equity markets due to concerns around global growth and increasing US interest rates, created a near perfect storm to close out 2018.

Revenues in the Latin America North and Venezuela GeoMarkets were flat sequentially. This revenue (which is based on arms-length pricing) and the related profit is then eliminated through an intercompany adjustment that is included within the “Eliminations & other” line.

December 1, 2015 The contract, which has an optional one-year extension, will include deployment of the BroadBand Sequence* fracturing and OpenPath* stimulation services. March 23, 2015 WesternGeco revenue was essentially flat sequentially as the decline in marine seismic acquisition activity, following the sale of the business in November, was fully offset by year-end sales of multiclient seismic licenses in Mozambique, Angola, Australia, and offshore North America. OneSubsea and Drilling Systems orders and backlog were as follows: Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Surface Systems sales were higher in India, Europe & Africa, the Middle East, and Latin America while Valves & Measurement revenue was lower due to the decline in North America land activity. Paal Kibsgaard, Chairman and CEO, Schorn Speaks at Credit Suisse 21st Annual Energy SummitPresentation & Script PDF (1.36 MB PDF)Presentation PDF (Slides Only) (547 KB PDF) In the fourth quarter, Reservoir Characterization performance benefited from multiple contract awards, new multiclient seismic surveys, and the application of technology and domain expertise to improve operational efficiency. Higher revenue was also posted by the North Africa GeoMarket from increased hydraulic fracturing and drilling activity on new projects in Algeria and the start of a well intervention project in Libya. Patrick Schorn, President, Operations and Integration, Schorn Speaks at Cowen and Company 4th Annual Ultimate Energy Conference (3.5 MB PDF) In the Mexico & Central America GeoMarket, revenue declined due to lower WesternGeco multiclient seismic license sales following a strong performance in the previous quarter. During the quarter, Schlumberger repurchased 2.1 million shares of its common stock at an average price of $48.44 per share, for a total purchase price of $100 million. This amortization expense is based on the units of production method, whereby each unit is assigned a pro-rata portion of the unamortized costs based on total estimated production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eptember 4, 2018 Paal Kibsgaard, Chairman and CEO. Performing Together. This integrated model includes efficiency improvements to the drilling module, streamlined consecutive workflows, and optimized human resources at the wellsite by multiskilling crew members. Premium content requires special account permissions. OneStim specialists designed new stimulation treatments using the BroadBand Shield fracture-geometry control service to eliminate fracture hits. Schlumberger will hold a conference call to discuss the earnings press release and business outlook on Friday, January 18, 2019. Lower revenue from OneSubsea also drove the decline, but we are now close to the cycle trough of backlog-driven activity as we booked more than $600 million in new project orders during the quarter.


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