Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

News SummaryMost relevantAll newsSector newsTweets 

Schlumberger Limited. : Schlumberger Releases Wireless Downhole Reservoir Testing System

share with twitter share with LinkedIn share with facebook
share via e-mail
10/31/2013 | 04:26pm CET
Quartet system enabled by wireless telemetry transmits data for real-time validation

HOUSTON, October 31, 2013-Schlumberger announced today the release of the Quartet* downhole reservoir testing system enabled by Muzic* wireless telemetry, which provides data in real time for validation so that critical information is available to meet the well test objectives. 

"When working in high-cost environments such as deepwater, it is important to be able to interact with downhole test tools, manage wellbore events and refine well tests in real time," said Sameh Hanna, president, Testing Services, Schlumberger. "With this new system capability, customers can manage wellbore events and refine well tests to ensure their objectives are met, and to gain a better understanding of the reservoir."

The Quartet system uses wireless bidirectional communication to provide downhole tool status, and pressure and temperature data, which allows test design modifications and validation of test data while reservoir testing is taking place. The system also enhances testing efficiency by making possible the isolation, control, measurement and sampling of the reservoir in a single run.

Field tests using the Quartet system with wireless telemetry have been run in Egypt, Indonesia, Qatar, Brazil, and Angola in environments ranging from onshore to deepwater. A total of 22 reservoir tests have been conducted with data from downhole to surface at a 100% communication success rate.

In Brazil, Petrobras and Schlumberger identified an opportunity to optimize deepwater well test operations using a real-time communication solution on a well in the presalt Santos basin. As a result of the collaboration, the Quartet system with wireless telemetry was successfully deployed, delivering flow and shut-in data to monitor operations and adjust the test program in real time. The visualization of downhole data during flow and buildup periods facilitated real-time interpretation of well test data, leading to all test objectives being achieved, and saving Petrobras costly deepwater rig time.

For more information on the Quartet system enabled by Muzic wireless telemetry, visit www.slb.com/Quartet-Muzic.

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 approximately 120,000 people representing over 140 nationalities and working in more than 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 from continuing operations of $41.73 billion in 2012. For more information, visit www.slb.com.


*Mark of Schlumberger

For further information, contact:

Lisa Ann Hofmann
Media Relations Manager
Tel:+1 713 689 7091
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
02/24 TGS NOPEC GEOPHYSICAL : and Schlumberger Announce New Multi- and Wide-Azimuth Mu..
02/13 SCHLUMBERGER : ex-dividend day
02/09 SCHLUMBERGER : Announces First-Quarter 2017 Results Conference Call
02/08 SCHLUMBERGER : Cadence Capital Management Cuts Position in Schlumberger Limited...
02/07 SCHLUMBERGER : Announces First-Quarter 2017 Results Conference Call
02/02 SCHLUMBERGER : Amica Mutual Insurance Co Boosts Position by $11,021,335 in Schlu..
02/02 SCHLUMBERGER : Washington Capital Management Inc Cuts Position in Schlumberger L..
01/26 SCHLUMBERGER LIMITED. : Post Earnings Coverage as Schlumberger Top and Bottom-li..
01/25 SCHLUMBERGER LIMITE : NV Management's Discussion and Analysis of Financial Condi..
01/24 SCHLUMBERGER : Exencial Wealth Advisors Cuts Position in Schlumberger Limited. (..
More news
Sector news : Oil Related Services and Equipment - NEC
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
02/24DJMARKET SNAPSHOT : Dow Poised To Snap Record-setting Streak, As Stock Futures Slu..
02/24DJMARKET SNAPSHOT : Dow Poised To Break 10-day String Of Record Closes
02/17DJBAKER HUGHES INCORPORATED : U.S. Oil-Rig Count Climbs by Six
02/17 U.S. shale oil braces for the unfamiliar in 2017 - inflation
More sector news : Oil Related Services and Equipment - NEC
News from SeekingAlpha
02/23 Schlumberger set to bring back Galuccio after leading Argentina?s YPF
02/16 Hershey Is A Long-Term Buy - Cramer's Lightning Round (2/15/17)
02/15 Liberty Oilfield Services Files For $50 Million IPO
02/14 FTS International Seeks $100 Million IPO
02/14 Buy Schlumberger At $81 - Cramer's Lightning Round (2/13/17)
Financials ($)
Sales 2017 31 123 M
EBIT 2017 3 730 M
Net income 2017 2 551 M
Debt 2017 13 106 M
Yield 2017 2,50%
P/E ratio 2017 44,46
P/E ratio 2018 23,12
EV / Sales 2017 4,01x
EV / Sales 2018 3,35x
Capitalization 111 739 M
More Financials
Duration : Period :
Schlumberger Limited. Technical Analysis Chart | SLB | AN8068571086 | 4-Traders
Full-screen chart
Technical analysis trends SCHLUMBERGER LIMI...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 96,9 $
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Paal Kibsgaard Chairman & Chief Executive Officer
Patrick Schorn President-Operations
Simon Ayat Chief Financial Officer & Executive Vice President
Ashok Belani Executive Vice President-Technology
Simon Bittleston Vice President-Research
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TECHNIPFMC PLC-7.46%15 058
More Results