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 indusry and Internet of Things adoptions.
Schlumberger Software Recent Developments
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 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 ask 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: 100000
Functional Markets: Product LifeCycle Management and Engineering,
Key Verticals: Oil and Gas,
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 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
Incorporating Internet of Things and mobile technologies into its current offerings will be a game changer for years to come.
Schlumberger Software Ecosystem, Partners, Resellers and SI
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 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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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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