Paal Kibsgaard Chairman and CEO 2018 Barclays CEO Energy-Power Conference New York, September 4, 2018 Schlumberger-Private
Key Questions Why the need Why is Schlumberger Why will Schlumberger for increased best positioned to generate the best returns E&P investment capture the growth in the coming upcycle 3 Schlumberger-Private
Why the need for increased E&P investment 4 Schlumberger-Private
The Path to Sustainable E&P Investment Levels Illustrative Example: Years required to reach sustainable investment levels 1,000 Annual Capex (bn) 800 -44% +12% 600 400 200 0 2014 2015 2016 2017 2018 2019 100 Cumulative…
The State of the International Production Base Production Decline 2013-17* Major Project FID Production Growth 2013-17 (International excluding Middle East and Russia) (50+ mmboe reserves) (OPEC and Russia) kbbpd 28 50 Growth**…
Global Supply Growth: 2010 2017 Supply Growth MMbpd 12 10 8 International 32% Supply Growth 6 4 North America 68% 2 Supply Growth 0 2010 2011 2012 2013 2014 2015 2016 2017 Reference year = 2010 7 Source: IEA,…
Evolution of Unit Well Performance Eagle Ford Number of Wells Best 3-Months Oil Normalized to Proppant Pumped % bopd/mmlbs mmlbs 100 100 12 80 80 Child 8 60 60 40 40 Parent 4 20 20 0 0 0 2011 2012 2013 2014 2015 2016…
Evolution of Unit Well Performance Permian Number of Wells Best 3-Months Oil Normalized to Proppant Pumped % bopd/mmlbs mmlbs 100 60 16 80 12 40 60 Child 8 40 Parent 20 4 20 0 0 0 2011 2012 2013 2014 2015 2016 2017 2018…
Global Demand Growth Demand Growth by Region, 2017-2019E Y-o-Y Demand Growth OECD Inventories vs. 2010-14 Average MMbpd MMbbl kbpd 0 500 1,000 1,500 2.5 500 U.S. Americas 400 Europe 2.0 OECD Asia 300 China 200 India 1.5…
International Activity Starting to Recover International Rig Count Global Discovered Volumes 28 1,100 1,050 17 1,000 950 11 900 2016 2017 2018 Average Fewer Lower Average 2011-15 wells success 2017-18* Billion…
Why is Schlumberger best positioned to capture the growth 12 Schlumberger-Private
Unmatched Global Footprint 100,000 Employees 120 Countries 140+ Nationalities 90 Technology & Mfg centers 1,900 Facilities Global Stewardship 13 Schlumberger-Private
Revenue Evolution by Geography Revenue by Geography Commercial Resources Execution NAM LAM MEA ECA 2014-2017 2018E 2019E 14 Schlumberger-Private
Revenue Evolution by Technology Revenue by Technology Market segments SLB HAL WFT BHI FTI NOV Wireline Testing RCG WesternGeco(1) Software* OneSurface* Integrated Service Management* Drilling & Measurements DG M-I SWACO Bits…
Offering a Full Range of Business Models Integration map by GeoMarket* 2014 2017 SPM 20% LSTK 24% Bundled Services Standalone Products and Services Low High integration integration 16 * 2017 Full year…
Technology Platform Approach System level development Domain Expertise End-to-End and Knowledge Industry Workflows Technical collaboration Digital capabilities Increased automation Data, Modeling, and Integrated Hardware…
Well Construction Total drilling system design Domain knowledge and data Modelling and automation OneDrillSM 18 Schlumberger-Private
Why will Schlumberger generate the best returns in the coming upcycle 20 Schlumberger-Private
Leading Financial Performance Through The Cycle Revenue EBITDA Margin Cash Flow from Operations B % B 50 30 12 10 40 20 8 30 6 20 10 4 10 2 0 0 0 2012 2014 2016 2012 2014 2016 2012 2014 2016 -2 SLB HAL BHGE 21…
Perfecting Our Modernized Way of Working Streamlined Internal Workflows Digital Capabilities Professionalized Functions Millennials Workplace 22 Schlumberger-Private
Our Goals Top Line Outgrow Incremental Margins 65% Cashflow Conversion 75% Excess Cash Return to Shareholders 23 Schlumberger-Private
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