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MarketScreener Homepage  >  Equities  >  Nyse  >  Schlumberger Limited    SLB   AN8068571086

SCHLUMBERGER LIMITED

(SLB)
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Schlumberger : Launches Definitive Dynamic Survey-While-Drilling Service

10/29/2020 | 09:32am EST

Schlumberger today introduced the TruLink definitive dynamic survey-while-drilling service.

The new service helps operators to enhance end-to-end well construction operations and reduce overall drilling costs by performing definitive dynamic surveys while drilling on bottom that are used to identify and mitigate potential drilling risks.

'TruLink service advances well construction operations and improves overall drilling performance through its unique, industry-first ability to perform measurement-while-drilling surveys on bottom without stopping drilling operations,' said Jesus Lamas, president, Well Construction, Schlumberger. 'In addition, the new service delivers borehole data in real time, through every point of the well, which enables operators to react to potential drilling risks before encountered, thus improving overall drilling efficiency.'

This dynamic survey capability provides real-time trajectory control, which improves the accuracy of wellbore placement, reduces dogleg severity and creates smoother curves and laterals in the most complex well profiles. TruLink service incorporates new telemetry innovations that refine survey accuracy using continuous six-axis directional and inclination sensors in combination with gamma ray. Conventional definitive survey technology takes nine to twelve minutes per stand, whereas this definitive dynamic survey innovation reduces all survey-related rig time to zero.

TruLink service has more than 70 deployments in the Middle East, North Sea, and South America. In the Middle East, for example, TruLink service enabled the operator to land an 8 1/2-in curve section with directional control and near-pinpoint accuracy, comparable to static measurement while drilling. In another example, definitive dynamic surveys run in the vertical, curve, and lateral sections saved an operator an average of 41 pumping hours while acquiring 1,041 surveys.

About Schlumberger

Schlumberger is the world's leading provider of technology and digital solutions for reservoir characterization, drilling, production, and processing to the energy industry. With product sales and services in more than 120 countries and employing approximately 82,000 people as of the end of third quarter of 2020 who represent over 170 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably.

Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.92 billion in 2019.

Contact:

Tel: +1 (713) 375-3494

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 23 307 M - -
Net income 2020 -10 740 M - -
Net Debt 2020 13 691 M - -
P/E ratio 2020 -2,87x
Yield 2020 4,29%
Capitalization 30 764 M 30 764 M -
EV / Sales 2020 1,91x
EV / Sales 2021 2,02x
Nbr of Employees 105 000
Free-Float 96,9%
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 23,94 $
Last Close Price 22,10 $
Spread / Highest target 117%
Spread / Average Target 8,35%
Spread / Lowest Target -23,1%
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Managers
NameTitle
Olivier Le Peuch Chief Executive Officer & Director
Mark G. Papa Non-Executive Chairman
Stephane Biguet Chief Financial Officer & Executive Vice President
Demosthenis Pafitis Chief Technology Officer
Nikolay Kudryavtsev Independent Director
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