Schlumberger has announced the acquisition of Geoservices, a privately owned French oilfield services company specialized in mud-logging, slickline and production surveillance operations.
Geoservices, founded in 1958, employs approximately 5,000
people active in more than 50 countries worldwide. The company is a
leading mud-logging company, and has invested heavily in the development of new
technology for exploration and appraisal well activities, particularly in the
emerging deep-water market.
“The addition of mud-logging technology to the Schlumberger
portfolio is an important step in the development of higher-performance
drilling systems,” comments Andrew Gould, chairman and CEO, Schlumberger Ltd.
“The combination of Schlumberger real-time downhole formation sampling
measurements with Geoservices’ drilling mud analysis will help customers better
identify and react to drilling hazards, while the combination of mud logging
with Schlumberger formation evaluation measurements will bring more complete
understanding of rock lithology and fluid content.”
Mud logging extracts information from the drilling mud and
drilling process while drilling, and provides data for both formation
evaluation and drilling efficiency. In formation evaluation, mud logging
complements wireline logging and logging-while-drilling measurements. In
drilling efficiency, mud-logging information provides insight into the dynamic state
of the well, and allows drilling mud weight properties to be optimized.
believe this to be a wonderful opportunity for Geoservices and for all of our
employees”, notes Gaston Rebilly, founder of Geoservices. “Both our companies
value people and technology as the means to bring greater value to our
customers. The complementary nature of our services offers the opportunity to
accelerate growth in both technology development and operational deployment.”
Schlumberger Acquires Geoservices
March 25, 2010