Schlumberger: Caspian Geomarket (CAG)

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.,
51, Kulmanov St.
060011, Atyrau
Kazakhstan
T: +7 3122 586006
F: +7 3122 272430

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]

Current Scope of Operations
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]

Schlumberger was a “Bronze Sponsor” of the 2010 Turkmenistan International Oil and Gas Conference.

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[i] http://www.caspenergy.com/31/2005_31_14e.html. Accessed September 25, 2008.

[ii] Schlumberger, Caspian Sea: Avoiding Differential Sticking, http://www.slb.com/content/services/resources/oilfieldreview/ori002/03d.asp?seg=www.bakerjardine.com&, Accessed December 2, 2008. Now at: http://www.slb.com/resources/publications/oilfield_review/ori/ori002/03/03d.aspx

[iii] The Free Library, “Turkmenistan – Burren Energy,”http://www.thefreelibrary.com/TURKMENISTAN+-+Burren+Energy-a0152080761. Accessed September 25, 2008.