Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Schlumberger Limited.    SLB   AN8068571086

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisionsForum 

Schlumberger Limited. : Schlumberger Releases SPARK Stimulation Technology Delivery Platform

06/05/2012| 04:46pm US/Eastern
Recommend:
0
Services merge into delivery platform to offer new solution for stimulation applications

HOUSTON, June 5, 2012-Schlumberger today introduced the SPARK* stimulation technology delivery platform. Through collaboration with customers, the platform merges Schlumberger stimulation technology, chemistry and exclusive techniques to provide a new solution to address stimulation needs.

"We are supporting our customers by coupling our proprietary fluid systems, blending equipment and engineering expertise with non-Schlumberger pumping units," said Dominique Malard, president, Schlumberger Well Services. "This initiative will leverage high-pressure pumping equipment provided by third-party services-whether vertically integrated customers or service contractors-to offer new options for stimulation applications."

The SPARK stimulation technology delivery platform includes HiWAY* flow-channel hydraulic fracturing service to create infinite-conductivity channels for hydrocarbon flow, OpenFRAC* family fluid additive systems to provide high performance with full disclosure, and ClearFRAC* polymer-free fracturing fluid for greater fracturing efficiency with less reservoir damage when compared to conventional systems.

One south Texas customer, working in the Eagle Ford formation, sought to increase operational efficiency in an area where some operations have shifted from conventional slickwater hydraulic fracture fluids treatments to engineered solutions. However, the customer already owned a frac fleet and did not want to have crews and high-pressure equipment sitting idle. With the SPARK platform, the customer used their own frac crews in conjunction with the HiWAY channel-fracturing service. On average, HiWAY service has helped Eagle Ford customers increase production by more than 20% while reducing water usage by 25% and proppant consumption by 42%.

Additional services, including cementing, are being developed as part of the SPARK technology delivery platform.www.slb.com/SPARK.

About Schlumberger

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing more than 113,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague, and reported revenues of $39.54 billion in 2011.www.slb.com.

###

*Mark of Schlumberger

For further information, contact:

Susan Ganz
Media Relations Manager
Schlumberger
Tel:+1 713 689 7142
sganz1@slb.com

distributed by
Recommend :
0
Partner Area
React to this article
 
Latest news on SCHLUMBERGER LIMITED.
6d ago SCHLUMBERGER LIMITED.: Schlumberger Delivers Enterprise Knowledge Management fo..
05/13 Transocean chairman to step down after Icahn attack
05/08DJInterior Secretary Asks Energy Executives to Acknowledge Own Role in Regulato..
04/24DJSCHLUMBERGER LIMITED.: Schlumberger Reports Iran Revenue as Its Operations Ther..
04/22 Halliburton in Gulf spill settlement talks, stock jumps
04/22DJHalliburton Swings to Loss after Reserve Boost
04/22DJHalliburton Swings to 1st-Quarter Loss on Increased Litigation Reserves
04/19DJSCHLUMBERGER CEO: International, North American Oil Drilling Solid at Current P..
04/19DJSCHLUMBERGER LIMITED.: Schlumberger Net Falls 3.2% as Revenue Declines
04/19DJSCHLUMBERGER LIMITED.: Schlumberger 1st-Quarter Net Falls 3.2% as North America..
Advertisement
Chart
Duration : Period :
Schlumberger Limited. Technical Analysis Chart | SLB | AN8068571086 | 4-Traders
Income Statement Evolution
Schlumberger Limited. : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.