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Schlumberger forms E&P business consulting group to focus on optimisation of upstream operations

Posted: 14 April 2004

Offers a unique combination of domain knowledge, global reach and best-in-class consultants targeting E&P operational processes

Schlumberger Information Solutions (SIS) announced today the creation of the Schlumberger Business Consulting group (SBC), focused exclusively on the growing demand for optimization of upstream oil and gas industry operations. Schlumberger Business Consulting offers a unique combination of more than 75 years’ knowledge of the exploration and production (E&P) industry and the expertise of best-in-class business consultants.

Antoine Rostand has been named managing director of the new group. In his 19-year career, Rostand has worked for Schlumberger in field operations, A.T.Kearney and EDS as principal then president of EDS France, and for SchlumbergerSema as vice president, Consulting and Systems Integration, Europe.

“Adding more reserves, drilling better wells and maximizing production are clear industry goals,” said Peter Goode, president, SIS. “But the business is evolving, with changing operational issues and accelerating workforce dynamics. To generate the next step change in value creation, information, software, new technologies and process redesign need to be integrated within the core E&P operational processes across the entire chain. With our E&P domain experience and the capability to provide an end-to-end solution, SIS is uniquely positioned to assist our customers to meet the challenges of the E&P industry.”

Schlumberger Business Consulting works with E&P companies in strategy implementation, organizational efficiency and technology strategies to help enhance core operational processes within these organizations and to gain productivity through appropriate workflow redesign enabled by information technology (IT).

This new consulting group is supported by the fusion of SIS activities in software technology, information management, and network and infrastructure services.

About Schlumberger
Schlumberger is the world's leading oilfield services company supplying technology, project management and information solutions that optimize performance for customers working in the oil and gas industry.

The company employs more than 50,000 people of over 140 nationalities working in 100 countries, and comprises two primary business segments. Schlumberger Oilfield Services supplies a wide range of products and services from formation evaluation through directional drilling, well cementing and stimulation, well completions and productivity to consulting, software, information management and IT infrastructure services that support core industry operational processes.

WesternGeco, jointly owned with Baker Hughes, is the world's largest seismic company and provides advanced acquisition and data processing services.

In 2003, Schlumberger operating revenue was $11.4 billion.

For more information see www.slb.com

Posted by Richard Price, Editor Pipeline Magazine

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