31 Facts About Schlumberger

Schlumberger employees represent more than 140 nationalities working in more than 120 countries.

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

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

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

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

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Schlumberger 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.

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

Schlumberger invested heavily in research, inaugurating the Schlumberger-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, which specialized in pumping services for the oil industry, was formed.

On February 2,1962, Schlumberger Limited became listed on the New York Stock Exchange.

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

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

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

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

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

Schlumberger 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 Business Consulting was launched and a decade later was acquired by Accenture.

In 2005, Schlumberger 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 relocated its US corporate offices from New York to Houston.

In March 2022, Schlumberger 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 agreed to acquire oilfield equipment manufacturer Cameron International for $14.

In 2018, Schlumberger 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 cut more than 21,000 jobs during the global COVID-19 pandemic.

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

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

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

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

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

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