Schlumberger Software Strengths, Domain Expertise, and Key Differentiators
Schlumberger software, a provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry is a part of conglomerate that focuses on infrastructure industry and Internet of Things adoptions.
Schlumberger Software Recent Developments
On January 10, 2024, SLB revealed a strategic investment and technology partnership with Geminus AI. This collaboration grants SLB exclusive rights to utilize the inaugural physics-informed artificial intelligence (AI) model builder tailored for oil and gas operations developed by Geminus. By integrating physics-based methodologies with process data, the Geminus model builder generates exceptionally precise AI models. Notably, these models can be implemented on a large scale, significantly quicker, and at reduced costs compared to conventional AI methods.
On June 29, 2023, SLB partnered with Quorum Software (Quorum) to unveil a collaborative digital planning solution. This joint effort combines Quorum's Planning Space business planning and petroleum economics capabilities with SLB's FDPlan agile field development planning solution.
In 2021, Schlumberger has launched DELFI* Production Data Foundation, a digital solution enabled by the DELFI cognitive E&P environment that integrates operational production data from on-premise, edge, and cloud-based sources. DELFI Production Data Foundation applies AI and advanced data analytics to a proven data model which has been used for over 20 years in the oil and gas industry. Customers receive a continuous live stream of data from any industry-standard operational source, enabling them to drive automation in operations, make better decisions faster and develop innovative new ways to solve challenges at every level of the enterprise.
In Octomber 2019, Rockwell Automation (NYSE: ROK) and Schlumberger (NYSE: SLB) closed their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider. The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market. Headquartered in Houston, Texas, Sensia is projected to generate initial annual revenue of $400 million and employ approximately 1,000 employees. Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture. Rockwell Automation made a $250 million cash payment to Schlumberger at closing.
In June 2019, Schlumberger introduced the GAIA digital exploration platform. The GAIA platform enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities. The GAIA platform uses the power of the DELFI* E&P cognitive environment to access data available from Schlumberger and other E&P industry data providers. The GAIA platform provides personalized user experience, enabling the explorationist to discover, visualize and interact with all the available data in a region or basin without compromising resolution and scale. The GAIA platform enables clients to manage their exploration portfolios in line with their corporate strategies. In addition, oil and gas regulators can utilize the platform to showcase their countries' assets to potential operators. Also, E& P industry data providers can provide their clients with subscription-based access to their data library. Unique to the GAIA platform is the combination of a high-performance digital map for global data discovery and game-changing 3D visualization with streaming of basin-scale subsurface data. The GAIA platform is designed to modern cloud security standards with full data encryption, federated single sign-on and 24/7 monitoring by dedicated cloud security operations centers.
In May 2019, Schlumberger introduced the IriSphere* look-ahead-while-drilling service at the Offshore Technology Conference. The new service provides the industry's first application of electromagnetic (EM) technology for detecting formation features ahead of the drill bit in oil and gas wells. The service uses EM-based resistivity measurements more than 100 ft [30 m] ahead of the drill bit, which is then compared to a prepared model that incorporates offset and other data to reveal a true downrange representation of the formation while drilling. This enables operators to make proactive decisions rather than reacting to measurements at or behind the bit while drilling wells.
More than 25 field trials were conducted with the IriSphere service in Asia, Australia, Latin America, and Europe. These trials included successfully detecting reservoirs and salt boundaries, identifying thin layers, and avoiding drilling hazards, such as high-pressure formations that can lead to wellbore stability issues.
In November 2018, The Petrel 2018.2 and Studio 2018.2 were released. The Petrel E&P software platform delivers collaborative workflows with best-in-class technology and leading innovation that seamlessly integrates the subsurface domains of geophysical and geological interpretation, geological modeling, reservoir engineering, and drilling in a shared earth environment. Its unique framework makes these workflows repeatable, providing the most comprehensive uncertainty assessment from seismic to simulation, and brings disciplines together for unparalleled productivity. The shared earth approach enables companies to standardize their decision-making processes from Exploration to Production. Petrel 2018.2 delivers updates to the new Structural Geology model and grid the Depogrid, additional support for multi-SRD and shale geosteering, and improvements on RE workflows as well as usability & performance enhancements.
Schlumberger Software Mergers and Acquisitions (M&A) Activities
In September 2021, Schlumberger has expanded its digital drilling planning and operations portfolio through the acquisition of Independent Data Services (IDS), with the industry’s only automated reporting software. IDS enables exploration and production operators and drilling contractors to analyze and report their operational performance and provides the knowledge to enhance it.
As a Schlumberger company, IDS will be offered both as a standalone solution and as an integrated cloud-native solution, to offer customers end-to-end digital drilling solutions enhanced with AI and machine learning.
In 2018, Schlumberger completed the acquisition of VMG, a privately owned software company specializing in process simulation and thermos-physical property prediction. Through the addition of VMG and its software portfolio, customers will have the opportunity to further improve efficiency and experience a seamless collaborative workflow across the full spectrum of E&P technology enabling simulation of every portion of the production system from the reservoir, through wells, gathering system, processing facilities, and transmission lines.
Schlumberger Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Schlumberger Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Schlumberger Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Petrel, Techlog, Avocet, Studio E&P, Delfi, Schlumberger Enterprise Data Management Solution customers.
Schlumberger Software Overview
5599 San Felipe 17th Floor
Houston, TX, 77056, United States
1 713-513-2000
https://www.slb.com/
Ownership: - NYSE: SLB
Number of Employees: 99000
Functional Markets: Analytics and BI, ERP Services and Operations, PLM, PPM,
Key Verticals: Oil and Gas, Chemicals,
Schlumberger Software Key Enterprise and Cloud Applications
Petrel, Techlog, Avocet, Studio E&P, Delfi, Schlumberger Enterprise Data Management Solution
Schlumberger Software Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Schlumberger Software Revenue Breakdown By Type, $M:
Schlumberger Software Enterprise Applications Revenues By Functional Markets, $M:
Schlumberger Software Enterprise Applications Revenues By Verticals, $M:
Schlumberger Software Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Schlumberger Software Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Schlumberger Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Schlumberger Software Customers
No. of Schlumberger Software Customers: 1500
No. of Schlumberger Software Enterprise Applications Customers: 1500
No. of Schlumberger Software Cloud Customers: x
No. of Schlumberger Software Cloud Subscribers: x
Schlumberger has more than 1500 software customers around the world.
Schlumberger Software Market Opportunities, M&A and Geo Expansions
Schlumberger (SLB) has made significant strides in digital integration within the oil and gas industry. Their innovative solutions, such as GeoSphere 360* 3D reservoir mapping-while-drilling service and ProcessOps* on the Delfi platform, are enhancing reservoir assessment and production optimization. The introduction of Neuro autonomous solutions for well construction showcases their commitment to efficiency and environmental sustainability. Moreover, SLB's enterprise-wide deployments like the Delfi cognitive E&P environment for ConocoPhillips and the SLB Enterprise Data Solution powered by Microsoft Energy Data Services highlight their focus on cloud-based solutions and data accessibility, aligning with industry standards like the OSDUâ„¢ Technical Standard. The emphasis on partnerships, demonstrated through initiatives like the Digital Platform Partner Program, reflects SLB's recognition of collaboration as crucial for unlocking value from proprietary workflows and intellectual property. Overall, their integrated ecosystem of data, platform, and apps is poised to deliver significant value to customers in the oil and gas sector.
Schlumberger Software Risks and Challenges
One significant risk lies in the competitive and dynamic nature of the energy industry. Failure to consistently develop and deliver innovative technologies in response to evolving market demands, including customer preferences and regulatory requirements, could adversely impact our business.
Schlumberger Software Ecosystem, Partners, Resellers and SI
SLB partnerships include collaborations with industry-leading technology pioneers such as Microsoft, Dataiku, IBM, Red Hat, Cognite, NOV, Google Cloud, Tibco, AWS, Aveva, and others.
Schlumberger Software Cloud Infrastructure Insights
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- Schlumberger Software Public Cloud and Infrastructure (IaaS)
- Schlumberger Software Platform (PaaS)
- Schlumberger Software Application Delivery
- Schlumberger Software Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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