SCHLUMBERGER: CASPIAN GEOMARKET (CAG)
http://slb.com/
Company Information
“Schlumberger Limited is the world’s leading oilfield services company supplying technology, project management and information solutions that optimize customers’ performance working in the international oil and gas industry. Founded in 1927, today the company employs over 52,000 people of more than 140 nationalities working in 100 countries…The Caspian GeoMarket, headquartered in Atyrau, Kazakhstan, comprises operations in Kazakhstan, Azerbaijan, Turkmenistan and Uzbekistan. Schlumberger employs over 1,040 people throughout the Caspian region.”[i]
Contact Information
Schlumberger Logelco Inc.,
3600 Briarpark Drive
Houston, Texas, 77042
United States of America
History in Turkmenistan
A comprehensive history of Schlumberger’s activities since it began work in Turkmenistan in 1998 is not available. Schlumberger signed two consecutive five-year agreements with Turkmenneft, the second of which was signed in 2004. The company was contracted by Dragon Oil in 2003 to provide a number of services at the LAM Field in the offshore Cheleken block.[ii] According to a September 2006 article, “Schlumberger is operating at oilfields in western Turkmenistan under a five-year contract with Turkmenneft worth $36m signed in 2004…Schlumberger is helping the national companies increase oil production in western Turkmenistan. The contract covered operations in the Kotur Tepe, South Kamyshldzha and Koperdzhe oilfields. Schlumberger has taken part in servicing the fields’ wells and provides necessary equipment.”[iii]
Current Scope of Operations
In 2013, Schlumberger and Turkmengeology State Corporation signed a contract for “drilling services, the preparation of drilling fluids, and the strengthening of well casing[s] at three development wells at the Galkynysh field.”[iv] The company reported a 1% revenue increase that year, partly due to offshore operations in Azerbaijan and Turkmenistan.[v]
Schlumberger was a bronze sponsor (2010) and a silver sponsor (2020) of the Turkmenistan International Oil and Gas Conference.[vi]
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[i] http://www.caspenergy.com/31/2005_31_14e.html. Original weblink no longer active.
[ii] Schlumberger, “Caspian Sea: Avoiding Differential Sticking,” http://www.slb.com/content/services/resources/oilfieldreview/ori002/03d.asp?seg=www.bakerjardine.com&. Original weblink no longer active.
[iii] The Free Library, “Turkmenistan – Burren Energy,” https://www.thefreelibrary.com/TURKMENISTAN+-+Burren+Energy-a0152080761. Accessed February 19, 2022.
[iv] Trend, “Schlumberger to conduct drilling operations at Turkmenistan’s largest gas field,” https://en.trend.az/casia/turkmenistan/2110430.html, January 21, 2013. Accessed January 10, 2022.
[v] Schlumberger, “2013 Annual Report,” https://investorcenter.slb.com/static-files/4345ab49-10ee-446d-ab2c-c2725c8b23e4. Accessed January 10, 2022.
[vi] 26th Turkmenistan International Oil and Gas Conference, https://www.ogt-turkmenistan.com/en. Accessed November 4, 2021.