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It was $604 million at the end of the first quarter of 2015In spite of this, the decremental margin was 37% which represents a marked improvement over the 72% posted for the same period in the previous downturnStreamLINE cable has a friction coefficient that is one-half the equivalent standard braided line to reduce cable tension and allowed completion of the perforation job in one run instead of two, which was critical to the success of the operationDrilling Group (Stated in millions, except margin percentages) Three Months Ended Change Jun30, 2014 Sequential Year-on-year Revenue $3,103 $3,767 $4,208 -18% -26% Pretax operating income 397 549 710 -28% -44% Pretax operating margin 12.8% 14.6% 16.9% -179 bps -406 bps Decremental operating margin 23% 28% Production Group revenue of $3.1 billion decreased 18% sequentially with more than 80% of the decrease attributable to North America landPreviously, large amounts of cuttings transported significant volumes of synthetic-base mud (SBM) over the shaker screen surface with lower recovery potentialSchlumberger recorded a $390 million pretax charge during the first quarter of 2015 as a result of this headcount reduction as well as an incentivized leave of absence program
In terms of oil supply, the first signs of flattening North America production have appeared while OPEC marketed supply has been increased once againIn Southeast New Mexico, Well Services used a low viscosity composite fluid from the BroadBand* family of unconventional reservoir completion services for Endeavor Energy Resources, LP to stimulate a new well in the Permian Basin with a plug-and-perf completionLink to our site Suggestions Site Map Contact Us Privacy Statement Disclaimer Price compare rental, new and used discounted cheap textbooks for sale online at CheapestTextbooks.comIn Australia, Wireline introduced UltraTRAC* all-terrain wireline tractor technology for Origin Energy to gather reservoir samples and pressure measurements in the Otway basin offshore VictoriaIn Venezuela, Schlumberger Completions deployed a COLOSSUS UNC* uncemented liner hanger system for Petroindependencia, S.A., to achieve rapid liner installation in extended-reach heavy-oil wells in unconsolidated sandstone reservoirs with shale laminations in the Cerro Negro FieldOffshore operating margin declined due to the unfavorable revenue mix resulting from the shift from high-margin deepwater exploration work to development and completion activityPretax operating margin of 19.5% declined 44 bps sequentially31, 2015 Jun
Gathering data for you Our Price Comparison is FREE to useYou are moments away from: Buy, Rent or Sell New, Used, Rental, eBooks Finding the Cheapest Prices Saving up to 95% Check outour fan page onfacebookfor additional ways to saveQuanta Geo photorealistic reservoir geology technology was used for the first time in Oman to overcome the OBM challenge and identify the microfractures created by the MDT modular dynamics tester tool equipped with high performance packers and a high pressure pumpThis reduction was partially offset by strong exploration and a ramp up of activity in the Venezuela, Trinidad and Tobago GeoMarketIn addition to contract awards during the quarter, new Reservoir Characterization technologies helped characterize complex reservoirs, optimize well production and reservoir recovery, and improve operational efficiencySchlumberger has delivered wells to ENI under similar integrated contract models in the past and this recent award provides continuity in the field’s ongoing developmentCombined with Schlumberger Petrotechnical Services’ interpretation solutions, use of the technology enabled the characterization of heavy oil saturation and has given new life to this brownfield project 07f867cfac