Paal Kibsgaard Chairman and Chief Executive Officer Scotia Howard Weil 2017 Energy Conference New Orleans, March 27, 2017
Supply-Demand Gap is Tightening OECD Stocks Global Oil Demand (bn bbl) (MMb/d) 98.0 3.5 96.6 95.0 93.0 3.0 2.5 2015 2016 2014 2015 2016 2017E 3 Source: IEA
North America Land is Leading the Recovery US Land Rig Count International Rig Count Index Index 99-01 140 97-98 40 120 35 Current 08-09 30 100 09-11 25 80 20 60 15 40 10 20 5 Current 0 0 Start 5 10 15 20 Start 5 10 15…
Production Sustainability Decline and Depletion Sustainable Unsustainable Decline / Depletion Production Management Production Management 25% 0% PD Reserves PD Reserves Time Time Production of PD Reserves (MMb)…
Depletion Rates Point to Long-Term Production Decline UK Offshore Norway Offshore 2.5 15 3.5 15 Oil production (MMb/d) Oil production (MMb/d) 2.0 3.0 Depletion % Depletion % 2.5 1.5 10 10 2.0 1.0 1.5 0.5 5 1.0 5…
Commitment to R&E is a hallmark of Schlumberger R&E Spend R&E Spend Halliburton, BHI, Weatherford Schlumberger Billion USD Billion USD 1.6 1.6 1.2 1.2 0.8 0.8 0.4 0.4 0.0 0.0 2014 2015 2016 2014 2015 2016 7 Source: SEC…
Trailblazing Approach to Driving Performance Drilling Performance and Pricing Trends we have always been a performance trailblazer in all the markets we compete in 150% Feet drilled between failures we continuously invest in…
Collaboration and Alignment Models Integrated Services Management Integrated Drilling Services OMV ENI Barents Sea, Norway Zubair, Iraq Integrated Production Services Production Management Total PAM Vaca Muerta,…
Schlumberger Special Venture Fund New avenue for E&P project investment Ophir/OneLNGSM Fostering closer collaboration Unlocking more E&P investments Preferred supplier status for associated activity Sound Energy Offered…
Re-Thinking Technology Development End-to-end industry workflows Integrated software and hardware Domain expertise and knowledge Data, modelling and machine learning 11
From Technology Portfolio to Future Drilling System 2016 2016 Built an industry leading technology position 2014 Successfully integrated hardware and software 2010 Modelled the entire downhole drilling process 2010 Achieved…
OneDrill Integrated Drilling System SM Next step integration of surface and downhole Understanding the entire drilling workflow Connecting hardware, software, data and expertise Enabled by automation and machine…
OneStim Joint-Venture in North America Land SM Scope Pressure Pumping Completions Pump Down Perforating Ownership 70% owned and consolidated by SLB 30% owned by WFT the joint-venture creates a new industry leader in…
OneStim Integrated Completions System SM SM Xtreme CT OneStim Vertical Integration North America Unconventional Completions ThruBit WL GeoEngineering CAMFlowback New Surface System Low Leading Best-in-Class Commercial…
Conclusions There is an industrywide need for higher E&P spending ...protecting our investment in R&E new business models that promote collaboration technology platforms that combine hardware, software, data and expertise…
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