29 Facts About Schlumberger Limited

Schlumberger Limited has four principal executive offices located in Paris, Houston, London, and The Hague.

Schlumberger Limited is a Fortune Global 500 company, ranked 287 in 2016, and listed in Forbes Global 2000, ranked 176 in 2016.

Schlumberger Limited was founded in 1926 in Paris as the Electric Prospecting Company by two brothers Conrad and Marcel Schlumberger Limited from Alsace.

Schlumberger Limited is involved in the groundwater extraction and carbon capture and storage industries.

Schlumberger Limited brothers had experience conducting geophysical surveys in countries such as Romania, Canada, Serbia, South Africa, the Democratic Republic of the Congo, and the United States.

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Schlumberger Limited quickly expanded, logging its first well in the US in 1929 in Kern County, California.

Schlumberger Limited invested heavily in research, inaugurating the Schlumberger Limited-Doll Research Center in Ridgefield, Connecticut in 1948, contributing to the development of a number of new logging tools.

In 1956, Schlumberger Limited was incorporated as a holding company for all Schlumberger businesses, which by now included American testing and production company Johnston Testers.

In 1960, Dowell Schlumberger Limited, which specialized in pumping services for the oil industry, was formed.

In 1981, Schlumberger Limited established the first international data links with e-mail.

In 1983, Schlumberger Limited opened its Cambridge Research Center in Cambridge, England.

In 1987, Schlumberger Limited completed its purchases of Neptune, Bosco and Cori, and Allmess.

In 1991, Schlumberger Limited acquired PRAKLA-SEISMOS, and pioneered the use of geosteering to plan the drill path in horizontal wells.

In 2001, Schlumberger Limited acquired the IT consultancy company Sema plc for $5.

Schlumberger Limited was an Athens 2004 Summer Olympics partner, but Schlumberger's venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $1.

In 2004, Schlumberger Limited Business Consulting was launched and a decade later was acquired by Accenture.

In 2005, Schlumberger Limited purchased Waterloo Hydrogeologic, which was followed by several other groundwater industry related companies, such as Westbay Instruments, and Van Essen Instruments.

Also that year, Schlumberger Limited relocated its US corporate offices from New York to Houston.

In March 2022, Schlumberger Limited stopped investing in its projects in Russia because of International sanctions during the Russo-Ukrainian War.

In 2014, Schlumberger announced the purchase of the remaining shares of SES Holdings Limited, a Calgary-based provider of international land drilling services, from First Reserve and certain members of Saxon management.

In 2015, Schlumberger Limited agreed to acquire oilfield equipment manufacturer Cameron International for $14.

In 2018, Schlumberger Limited announced that WesternGeco would be exiting the seismic data acquisition business, both onshore and offshore, while retaining its multiclient data processing and interpretation segments.

In 2020, Schlumberger Limited cut more than 21,000 jobs during the global COVID-19 pandemic.

Schlumberger Limited maintains a 33-acre campus at the northeast corner of US Highway 90A and Gillingham Lane in Sugar Land, Texas; as of 2017 Schlumberger Limited is the third largest employer in the city.

In 2015 Schlumberger Limited announced that it was moving its US corporate headquarters to the Sugar Land facility from its Houston office building.

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Schlumberger Limited moved its Houston-area offices from 5000 Gulf Freeway in Houston to the Sugar Land campus in 1995.

Schlumberger Limited was ranked 118th out of 500 overall, and 3rd out of 31 in their industry.

In 2006, a radioactive canister imported by Schlumberger Limited was recovered in the Western Australian outback desert.

In 2010, Schlumberger Limited was contracted to perform wireline logging on the Deepwater Horizon oil rig in the Gulf of Mexico.