Simmons & Company, September 1, 2009 Presentation by Andrew Gould SIMMONS & COMPANY INTERNATIONAL EUROPEAN INVESTOR CONFERENCE Ladies and gentlemen, good evening, I would like to thank Simmons & Company and particularly…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould breadth, technical depth and financial strength of Schlumberger remain unparalleled in our industry and how we will emerge from this recession much stronger than before.…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould These are based on the medium-term IEA report and cover the period 2008-2014. The first two curves forecast oil demand over the period under two growth assumptions…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould Turning now to natural gas, global demand is now expected to increase at an average rate of 1.8 % over the 25-year period from 2006 to 2030. This is nearly double the…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould Indeed, a massive expansion of LNG capacity is underway with much of this expected to be available by 2012 with such expansion at a time of recession and lower demand…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould And again, just as in the case of oil, we can expect to see those efforts take place in new areas, and in search of more complex resources. In fact, the majority of the…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould well as greater volumes of carbon dioxide that must be extracted and stored. The technology to store carbon dioxide is already available as pilot projects in the…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould drilling tenders is a further example. This is normal and there is always more pressure to go this way when rig prices are low and work is scarce. In the current…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould Let me just illustrate that by one example of unique Schlumberger seismic and drilling technology integration designed primarily for exploration and appraisal work.…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould guided drilling reduces the time required to re-image so that the new measurements influence the operation almost immediately. The last picture shows the resultthe well…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould Another benefit of integration can be seen in the large IPM projects in Mexico. These have involved aspects of rig design and logistics as well as the optimization of…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould unique Schlumberger Petrel workflow process software within the Ocean open software environment. Over the last seven years, Petrel has become the de facto industry…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould of integration was therefore impossible. There was no incentive to rationalize support cost at the local level. We then moved to the current system of four geographical…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould geophysicists, geologists, petrophysicists and drilling engineers without the close co-ordination of whom the project would not be possible. But just before my…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould Second, the benefits of advanced seismic technology are growing. Some years ago, I remarked that the single-sensor approach of WesternGeco Q technology was continuing…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould the seismic cycle while it will be the rate at which the older vessel capacity is removed from the market that will govern the speed of recovery. Let me now discuss…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould So the question remainswhere do we go from here I mentioned in our second-quarter conference call that I felt a sustained oil price of 75 would be necessary to…
Simmons & Company, September 1, 2009 Presentation by Andrew Gould Windows is a registered trademark of Microsoft Corporation. 18
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