Patrick Schorn President Operations Cowen & Company Energy & Natural Resources Conference New York, December 6, 2016
Market Fundamentals Recent Y-o-Y E&P Capex Changes Annual Change in Crude Oil Production (MMbpd) 2.0 NAM INT TOTAL 1.5 1.0 2015 -19% -18% 2016 0.5 -27% -25% 0.0 -39% -40% -0.5 -1.0 North America Gulf 5 Rest of World 2013…
Market Leadership Market segments SLB HAL WFT BHI GE Wireline Logging Production Testing Geophysical Equipment & Services Software Directional Drilling Logging While Drilling Drilling & Completions Fluids Market leadership (1)…
Growing Business LeadersSubsea Systems Worlds first integrated subsea production system award Subsea MPFM VX MPFM Electric Subsea Boosting Pump Multiphase Compressor System Subsea raw water All-electric XT Deepest Subsea Pump…
New Technology Improves PerformanceNAM Drilling Evolution of Lateral Lengths Days to Drill a 10,000-ft Lateral Evolution of Drilling Speed Drilling Speed Days 3.5X 2014 0 2 4 6 2016 PowerDrive Motor X 0 2.000 4.000 6.000…
Transformation Improves Performance Capex as a Percentage of Revenue Revenue and Workforce Trend Relative to 2004 % 15 500 400 10 300 Revenue 200 Field & Operations Workforce 5 Support Workforce 100 0 0 1Q11 1Q12 1Q13 1Q14…
Schlumberger Production ManagementSPM Brownfield Rejuvenation Rapid Appraisal Large Infrastructure Cash flow from production Value creation through proving up Long-term returns as joint- venture operations Shaya reserves Tendrara…
New ProjectsSound Energy Morocco Overview Net profit interest contract signed in December 2015 Carry of 80%,75%, and 75% for first three appraisal wells Application for production concession expected in H1 2017 Exclusivity on all…
New ProjectsOphir and OneLNG JV Exploration & Appraisal Field Development Plan, Partners, Commercials Development, Production FID 2006 2008 2012 2014 2015 2016 2017 2020 Block R Fortuna Appraisal Extended Development & OneLNG…
Integration and Synergy at Cameron Achieved 88M in synergies in Q3 2016 Booked 139M in synergy orders in Q3 2016 Accretive to 2016 Q2 and Q3 EPS and CFPS On track for synergies of 300M in Year 1, 600M in Year 2 Contract Awards…
Fourth-Quarter Activity Outlook by Product Group Reservoir Characterization Group Flat Production Group Slightly Higher Northern hemisphere seasonal reductions offset by strong Higher M. East unconventional completions activity…
Summary Downturn effects now more evident with production falling and discoveries at a low. OPEC actions should accelerate market rebalancing and help firm oil prices Schlumberger has a long history of building market leaders that…