Title : Schlumberger? The Next Oil Major? -- September 9, 2017
link : Schlumberger? The Next Oil Major? -- September 9, 2017
Schlumberger? The Next Oil Major? -- September 9, 2017
At Reuters two days ago, data points:- Schlumberger: world's largest oilfield services company
- spending billions of dollars buying stakes in its customers' oil and gas projects
- business model could upend rivals such as GE's unit Baker Hughes
- these other companies considering Schlumberger's model
- carries huge risks; some thing Schlumberger may be over-extended
- Schlumberger launched Schlumberger Production Management division in 2011
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- generated $1.4 billion in revenue in 2016
- as of 1H17, SPM has investment portfolio of $2.6 billion
- SPM co-manages about 230,000 bopd at the end of 2016; about as much as one of the largest US independent producers, Pioneer Natural Resources
- Schlumberger: now, something new -- this year opened a standalone investment fund; size of fund not disclosed
- two of Schlumberger's newest partnerships:
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- off the coast of Equatorial Guinea
- Argentina shale development with YPF SA
Thus Article Schlumberger? The Next Oil Major? -- September 9, 2017
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