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MarketScreener Homepage  >  Equities  >  Nyse  >  Schlumberger Limited    SLB   AN8068571086

SCHLUMBERGER LIMITED

(SLB)
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Schlumberger : Local Content Collaboration to Establish Stimulation Vessel Operation in Qatar

10/05/2020 | 06:20pm EST

As part of the company's ongoing commitment to developing local content, Schlumberger has signed a memorandum of understanding with Milaha, a Qatar based maritime and logistics organization to establish a joint stimulation vessel operation in the State of Qatar. The collaboration aligns with Qatar Petroleum's in-country value (ICV) program, known as Tawteen, through leveraging local infrastructure capabilities and training for local personnel while supporting Qatar Petroleum's 2025 liquified natural gas production growth targets.

Schlumberger is committed to enabling operational performance and efficiency thru localization of supply chain by bringing best in class technology and knowhow to the Qatari oil and gas sector, said Amit Singh, Qatar Managing Director at Schlumberger. The company is proud of its partnership with Milaha and looks forward to contributing to the ICV program through this innovative business partnership model that aims to increase local participation moving forward.

Since the launch of Qatar Petroleum's In-Country Value program in February 2019, Schlumberger has demonstrated its commitment to investment in local content by collaborating with in-country suppliers in Oilfield grade cement and equipment manufacturing as well as through educational learning and development initiatives with operators & local universities. Through this new ICV initiative, Schlumberger continues to contribute further with more opportunities for Qatar Petroleum's local supplier development program.

Read more about local content initiatives at Schlumberger in the company's Global Stewardship report.

Disclaimer

Schlumberger Ltd. published this content on 05 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2020 22:19:04 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 23 264 M - -
Net income 2020 -10 707 M - -
Net Debt 2020 13 761 M - -
P/E ratio 2020 -3,18x
Yield 2020 3,80%
Capitalization 33 979 M 33 979 M -
EV / Sales 2020 2,05x
EV / Sales 2021 2,10x
Nbr of Employees 105 000
Free-Float 96,9%
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 27,31 $
Last Close Price 24,41 $
Spread / Highest target 96,6%
Spread / Average Target 11,9%
Spread / Lowest Target -30,4%
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Managers and Directors
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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