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
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 INTERSECT, Omega Geophysical Data Processing Platform customers.
Schlumberger Software Overview
Ownership: - NYSE: SLB
Number of Employees: 92000
Schlumberger Software Key Enterprise and Cloud Applications
INTERSECT, Omega Geophysical Data Processing Platform
Schlumberger Software Revenues, $M:
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* 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:
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Schlumberger Software Enterprise Applications Revenues By Functional Markets, $M:
Schlumberger Software Enterprise Applications Revenues By Verticals, $M:
Schlumberger Software Revenues By Region, $M
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Schlumberger Software Direct vs Indirect sales
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Schlumberger Software Customers - Breakdown by Geo, Size, Vertical and Product
No. of Schlumberger Software Customers: 3500+
No. of Schlumberger Software Enterprise Applications Customers: 3500+
No. of Schlumberger Software Cloud Customers: x
No. of Schlumberger Software Cloud Subscribers: x
Schlumberger has more than 3500+ customers around the world.
Schlumberger Software Market Opportunities, M&A and Geo Expansions
In June 2021, Schlumberger and IBM announced the industry’s first commercial hybrid cloud Enterprise Data Management Solution for the OSDU Data Platform. The hybrid cloud offering is designed to expand access to customers globally—including those in locations where data residency requirements and local regulations may affect the use of global public cloud—and is engineered to reduce the time for analysis and accelerate decision-making, with all workflow data available in one place.
In June 2020, Schlumberger entered into a collaboration agreement with China Petroleum Logging Co. Ltd (CNPC Logging), a subsidiary of China National Petroleum Corporation (CNPC), to jointly manufacture wireline downhole technology in China. The agreement will strengthen the commercial and technical collaboration between the two companies and aligns with Schlumberger’s commitment to enable technology access in key basins. The collaboration agreement will provide CNPC Logging with a license to manufacture fit-for-basin wireline technology. As part of the agreement, Schlumberger will support CNPC Logging on the manufacturing and sustaining activities for ThruBit* through-the-bit logging technology at the CNPC Logging technology center in Xi’an, Shaanxi province.
In February 2020, Schlumberger opened a world-class manufacturing center in King Salman Energy Park (SPARK) that supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth. The center will manufacture various technologies including liner hangers and packers and valve technologies, such as GROVE* valves and ORBIT* rising stem ball valves, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.
In May 2019 Schlumberger expanded its agreement with Google Cloud to develop cloud-native E&P applications to help its customers derive actionable insights from data and harness the power of Google's cloud infrastructure and artificial intelligence (AI) capabilities.
Schlumberger has deployed its oil and gas petrotechnical software suite, including WesternGeco Omega geophysical data processing platform and Software Integrated Solutions DELFI cognitive E&P environment on Google Cloud Platform (GCP) to perform seismic processing, interpretation and subsurface modeling. Built on GCP, the DELFI data ecosystem enables secure cross-discipline collaboration and powers the environment's domain workflows such as seismic and wellbore processing and interpretation.
In Europe and North America, Techlog 2018.2 is now available in the DELFI cognitive E& P environment as part of the Petrotechnical Suite.
The DELFI environment is a secure, data-centric, cloud-based environment that integrates planning and operations, making applications and workflows accessible to all users and enabling team members to build common workspaces for data, models, and interpretations while respecting proprietary information boundaries.
The Techlog platform in the DELFI environment is accessible through a personalized workspace, defined by a named user profile that always provides the necessary technology, projects, data, computing power, and collaboration space to accomplish jobs with maximum efficiency.
Schlumberger Software Risks and Challenges
Full-year 2020 revenue of $3.1 billion decreased 26% year-on-year primarily due to lower multiclient and software sales as customers reduced activity due to COVID-19 and cut discretionary spending.
Schlumberger Software Ecosystem, Partners, Resellers and SI
In May 2021, Schlumberger announced today the appointment of Dr Katharina Beumelburg to the position of Chief Strategy and Sustainability Officer, Schlumberger Limited, reporting to Olivier Le Peuch, Chief Executive Officer. As a member of the executive team, Dr Beumelburg will oversee corporate strategy, sustainability, marketing and communications activities across the Company.
In February 2019 Rockwell Automation and Schlumberger have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider. The transaction is expected to close, and the joint venture is expected to begin serving customers, in the summer of 2019, subject to regulatory approvals and other customary conditions.
The Sensia joint venture will be the first fully integrated provider of measurement solutions, domain expertise, and automation to the oil and gas industry. It will offer scalable, cloud and edge-enabled process automation, including information and process safety solutions. From intelligent systems to fully engineered life-cycle management automation solutions, the joint venture will help customers drive efficiency gains through measurement and data-driven intelligent automation.
Under the terms of the agreement, Sensia will operate as an independent entity, with Rockwell Automation owning 53% and Schlumberger owning 47% of the joint venture.
Sensia is expected to generate annual revenue of $400 million and will employ approximately 1,000 team members serving customers in more than 80 countries, with global headquarters in Houston, Texas.
In March 28, 2018, Schlumberger Ltd and Saudi Aramco announced a partnership. A corporate purchase agreement for downhole equipment and services and wellhead and surface control equipment.
Schlumberger Software Cloud Infrastructure Insights
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