Schlumberger Limited, together with its subsidiaries (SLB), operates as a technology company that drives energy innovation for a balanced planet. The company operates in more than 100 countries.
Divisions
The company operates through four divisions, including Digital & Integration; Reservoir Performance; Well Construction; and Production Systems.
Digital & Integration division
This divisioncombines SLB’s industry-leading digital solutions and data products with its integrated offering of Ass...
Schlumberger Limited, together with its subsidiaries (SLB), operates as a technology company that drives energy innovation for a balanced planet. The company operates in more than 100 countries.
Divisions
The company operates through four divisions, including Digital & Integration; Reservoir Performance; Well Construction; and Production Systems.
Digital & Integration division
This divisioncombines SLB’s industry-leading digital solutions and data products with its integrated offering of Asset Performance Solutions (APS).
The primary offerings comprising this division are:
Digital Solutions: Includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Offerings are founded upon proprietary and open-source data platform technologies, industry-leading simulators, and workflow tools, and include domain-specific application of innovative digital capabilities, such as artificial intelligence (AI) and machine learning. Solutions are deployable on traditional on-premise IT infrastructures, the cloud, and the edge, allowing for full market coverage irrespective of customer constraints. Digital Solutions also provides comprehensive reservoir interpretation and data processing services, enabled by a scientifically advanced platform and subsurface imaging techniques for exploration data, and includes one of the industry’s most extensive exploration data libraries.
Asset Performance Solutions: Offers an integrated business model for field production projects. Combines SLB’s services and products with drilling rig management and specialized engineering and project management expertise, to provide a complete solution from well construction to production improvement. As of December 31, 2024, SLB’s APS portfolio primarily consisted of three field production projects in Ecuador and one in Canada.
Reservoir Performance division
This division consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Reservoir Performance develops and deploys innovative technologies and services to evaluate, intervene, and stimulate reservoirs providing customers with greater insights into their assets and maximizing their return on investment.
The primary offerings comprising this division are:
Evaluation: Provides the measurement, interpretation, and insights necessary to understand the subsurface geology and fluids through wireline logging, downhole testing and rock and fluid analysis services.
Stimulation: Provides services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment.
Intervention: Provides a comprehensive approach to oil and gas operators to increase their intervention success rates and maximize recovery from brownfields through cased hole wireline and perforations, coiled-tubing interventions, slickline, and reservoir monitoring.
Well Construction division
This division combines the full portfolio of products and services to optimize well placement and performance, maximize drilling efficiency, and improve wellbore assurance. Well Construction provides operators and drilling rig manufacturers with services and products related to the design and construction of a well.
The primary offerings comprising this division are:
Measurements: Provides services and associated engineering support for mud logging for geological and drilling surveillance, directional drilling, measurement-while-drilling, and logging-while-drilling services for all well profiles.
Drilling Fluids: Supplies individually engineered drilling fluid systems that improve drilling performance and maintain well control and wellbore stability throughout drilling operations, as well as products and services that secure and protect well casings while isolating fluid zones and maximizing wellbore activity.
Equipment: Provides drilling equipment, including pressure control equipment and rotary drilling equipment, and services for drilling contractors, operators, and rental tool companies, and shipyards, as well as land drilling rigs and related services.
Drilling: Designs, manufactures, and markets roller cone and fixed cutter drill bits for all drilling environments, as well as a wide variety of bottomhole assembly and borehole enlargement technologies for drilling operations.
Integrated Well Construction: Provides integrated solutions to construct or change the architecture of wells, including well planning, well drilling (including autonomous drilling), engineering, supervision, logistics, procurement and contracting of third parties, and drilling rig management.
Production Systems division
This division develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. Production Systems provides a comprehensive portfolio of equipment and services, including subsurface production systems, subsea and surface equipment and services, and midstream production systems.
The primary offerings comprising this division are:
Subsea Production Systems: Through its OneSubsea joint venture, provides integrated solutions, products, systems, and services for the subsea market, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors and services designed to maximize reservoir recovery and extend the life of each field.
Artificial Lift: Provides lifting solutions using electrical submersible pumps, gas lift equipment, progressing cavity pumps, and surface horizontal pumping systems.
Completions: Supplies well completion services and equipment that includes packers, safety valves, and sand control technology, as well as a range of intelligent systems that enable real-time visibility and performance monitoring.
Surface Production Systems: Designs and manufactures onshore and offshore systems, including wellheads, valves, chokes, actuators, and surface trees, and provides fracturing and flow back services to operators.
Midstream Production Systems: Enables efficient monetization of subsurface assets using standard and custom-designed onshore, offshore, and downstream processing and chemical treatment systems, as well as unique, reservoir-driven, fit-for-purpose integrated production systems for accelerating first production and maximizing project economics.
Valves: Serves the upstream, midstream, and downstream markets with a broad portfolio of valves that are primarily used to control and direct the flow of hydrocarbons as they are moved from wellheads through flow lines, gathering lines, and transmission systems to refineries, petrochemical plants, and industrial centers for processing.
SLB's four Divisions operate through a geographical structure of four Basins that are aligned with critical concentrations of activity: Americas Land, Offshore Atlantic, Middle East & North Africa, and Asia. The Basins are configured around common regional characteristics that enable the company to deploy fit-for-purpose technologies, operating models, and skills to meet the specific customer needs in each Basin. The Basins are further organized into GeoUnits, which can be a region, a single country, or comprise several countries. With a strong focus on customers, the Basins identify opportunities for growth, and are focused on agility, responsiveness, and competitiveness.
Supporting the Divisions is a global network of research and development centers. Through these centers the company advances SLB’s technology programs to enhance industry efficiency. These centers also support SLB's investments in lower carbon energy sources and carbon capture technologies.
Strategy
Core
Consisting of the company’s Reservoir Performance, WeIl Construction and Production Systems Divisions, Core remains SLB’s largest engine of growth. Building on decades of technology advancement, it will continue innovating new products, services and technologies that make the exploration, development and production of oil and gas assets cleaner, effective, and more efficient, with lower carbon emissions and less impact on the environment.
The company continues to build on its fit-for-basin approach and technology access initiatives, developing bespoke and custom technology tailored to the regions and environments in which it operates. This strategy allows the company to address the rapid evolution of its industry into more regional markets, each with distinct resource plays and economics.
With the continued growth of digitally enabled technologies that improve efficiency and performance, including the company’s Transition Technologies portfolio and its SLB End-to-end Emissions Solutions (SEES) methane elimination business, SLB provides solutions that enable customers to increase production from their reserves at a lower carbon intensity per barrel equivalent.
Digital
SLB is uniquely positioned to support customers on their digital journeys by providing an offering which spans planning and operational workflows, underpinned by a data platform which allows customers to realize efficiency gains through AI.
SLB’s customers have access to leading digital products that help to meet their sustainability goals by driving transparency, better measurement, more effective planning, and more impactful and reliable outcomes. To continue elevating customer offerings, the company is accelerating the adoption of its proprietary Delfi offering, an open, scalable, and secure cloud-based software environment.
The company’s cloud-based solutions allow its customers to transition from its established software applications to its Delfi digital platform, and shift from a user-based license model to software-as-a-service (SaaS) subscriptions. This enables customers to evolve from legacy infrastructure and deliver new levels of value creation, with access to key resources such as storage and increased computing power from the company’s cloud partners and its industry-leading simulators. The company’s evolving offering of on-premises solutions allows it to support the digital transition journey of customers that prefer or are required to maintain data solutions locally.
The company, through its Lumi data and AI platform, enables data-driven decision making for its customers across the energy industry. Data from a wide variety of sources across the subsurface and operations value chain can be accessed, facilitating AI-driven decision making at scale. The platform can connect diverse industry data sources, inclusive of on-premises data platforms and customer data infrastructure.
The company also focuses on using digital technology to enhance operational performance for its customers. The company’s software products sold directly to customers, which are agnostic to equipment provider, enable automation and autonomy. The company also provides digital services to enhance the SLB equipment and service offering in its Core Divisions. Many of these services use embedded AI to automate insights and differentiate the company’s service delivery offering.
New Energy
New Energy offers a significant opportunity to use SLB’s experience and scale to drive innovation for a low-carbon economy spanning industries beyond oil and gas. The company is building a broad, diverse portfolio across New Energy sectors, selected for their materiality and adjacency to existing SLB strengths and its ability to offer differentiated technology.
The company’s New Energy portfolio builds on several fundamental SLB strengths: its unique subsurface domain expertise, applicable beyond oil and gas; its ability to design and deploy complex processing and production systems as an original equipment manufacturer; its differentiated track record for innovation and industrialization; and its ability to deploy at scale in any region of the world with local knowledge and talent.
SLB will continue building businesses and forging partnerships across various industries to focus on three key areas: Industrial Decarbonization, Renewables and Energy Efficiency, and Critical Minerals.
Industrial Decarbonization focuses on providing technology and business solutions in the field of carbon capture and sequestration (CCS) and low-carbon hydrogen for hard-to-abate industries.
SLB has been in the CCS business for more than three decades and is actively progressing technologies to enable widespread adoption of CCS at scale. The company’s expertise extends beyond subsurface characterization and well construction to include capture technology, project economics, technology selection, and permitting. This includes the recent establishment of SLB Capturi, offering a modular product platform of industrial-scale carbon capture solutions. In addition, SLB is developing digital platforms to support emissions management for carbon and methane that will allow clients to measure, monitor, and plan abatement strategies.
SLB has also invested in Genvia, a unique private-public partnership that combines SLB’s expertise and experience with that of the French Atomic Energy and Alternative Energies Commission and partners. Genvia aims to deliver the most efficient and cost-effective solid oxide electrolyzer technology for producing clean hydrogen in hard-to-abate industrial settings—a key component of the energy transition.
Renewables and Energy Efficiency refers to the company’s technology and business solutions designed to enable renewable energy expansion and greater energy efficiency, with a focus on geothermal, geoenergy, and energy storage.
Geothermal power leverages the heat of the earth to generate electricity or provide heat directly, by tapping into subsurface hot water and steam zones.
Geoenergy uses the ambient temperatures beneath the earth's surface to act as a thermal battery and dramatically reduce energy consumption from heating and cooling buildings, driving both efficiency and decarbonization.
Stationary energy storage is a key enabler to make variable renewable energy sources (such as solar or wind) a larger component of the world’s electricity systems enabling power to be delivered in the right place, at the right time, to meet demand. As renewables become a greater percentage of the energy mix, the need increases for additional long-duration energy storage to ensure the efficiency of renewable assets and the reliability of electricity systems.
Critical Minerals is a business area where SLB is applying its knowledge of extraction technologies and processing to the location and sourcing of critical minerals, such as lithium from brine deposits, which will be required to support the energy transition. An example of this is the company’s demonstration plant in Clayton Valley, Nevada, which integrates direct lithium extraction, concentration and conversion technologies to more sustainably produce lithium at scale. This is achieved much faster than conventional methods, while using significantly less land, water and chemical reagents.
Intellectual Property
SLB owns or controls one of the industry’s leading portfolios of intellectual property, including but not limited to patents, proprietary information, trade secrets, and software tools and applications that, in the aggregate, are material to SLB’s business. While SLB seeks and holds a significant number of patents covering various products and processes, no particular patent or group of patents is material to SLB’s business. The company operates with SLB brand name.
Customers
SLB’s primary customers are national oil companies, large integrated oil companies, and independent operators.
History
Schlumberger Limited was founded in 1926. The company was incorporated in 1956.