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Gold/Mining/Energy : Schlumberger - The biggest/baddest oil service company -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (173)	5/21/2001 12:02:11 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 216

RE:Then I look and I found that SLB is also a two-feet company. Oil services and SIM CARD technology. Don't forget the recent SEMA purchase.

To: elmatador who wrote (173)	9/10/2001 9:47:35 AM
From: Bald Eagle	Respond to of 216

-- Schlumberger Announces Agreement to Acquire Sensa ---------------------------------------------------------- Introduction from Andrew Gould, EVP, Schlumberger Oilfield Services: The following NewsFlash focuses on two events that are strategically significant in broadening our portfolio of leading reservoir optimization and information technology services. Firstly, our global alliance with Hanover and sale of our gas compression activities allows Schlumberger to continue to provide customers with world-class gas compression products and services, while divesting non-core businesses that are not focused on reservoir optimization. Secondly, the proposed acquisition of Sensa will play a significant role in our ability to provide real-time reservoir management services. Its fiber optic technology adds a vital component to our existing well and reservoir monitoring capabilities. This technology, combined with our existing IT capabilities -- and looking ahead, the IT integration experience of SchlumbergerSema means that we will be able to provide customers with state-of-the-art information technology solutions from the well to the desktop. ---------------------------------------- -- Schlumberger Forms Global Alliance with Hanover through Sale of its Gas Compression Activities This week, Schlumberger completed the sale of its gas compression activities and related assets to Hanover Compressor for $761 million. These include gas compression business, Production Operator's International, (POI), acquired with Camco in 1998 and the mechanical services division of Operational Services Inc., (OSI), acquired in 2000. These services were more recently part of the Integrated Project Management (IPM) segment in Schlumberger Oilfield Services. IPM retains its production facility engineering, operation, maintenance and management services. The sale of these businesses is part of the ongoing strategy of Schlumberger Oilfield Services to continue its focus on reservoir optimization solutions and create industry-winners. As a result of this transaction, Schumberger now owns 10% of Hanover Compressor, the number one company in natural gas compression services, creating a global alliance. Rene Huck, President, Schlumberger Reservoir Evaluation and Development will sit on the board of Hanover Compressor and an Alliance Board consisting of Schlumberger and Hanover representatives will be responsible for the day-to-day operations of the partnership. The alliance represents a win-win position for both companies. As the global gas market expands, the alliance allows Schlumberger to continue offering its customers a complete range of world-class gas compression and production services while Hanover will benefit from the global presence and infrastructure of Schlumberger in its efforts to penetrate new markets. ----------------------------------------------- -- Schlumberger Announces Agreement to Acquire Sensa Schlumberger Oilfield Services announced today an agreement in principle to acquire Sensor Highway Limited, the recognized industry leader in fiber optic sensing technologies and their applications in oil and gas wells. This acquisition adds a key element to the Schlumberger offering in the developing requirement for advanced completions and field automation. Peter Goode, president of Schlumberger Well Completions and Productivity commented, ``This acquisition will complement our developing capability to monitor and control, in real time, the key processes in wells and production systems that optimize the revenue stream, and increase ultimate reservoir recovery. Sensa has already demonstrated that fiber optic sensing technologies will play a key role in ways that are only just beginning to be appreciated. Combining their best-in-class measurement capability, with the depth of our reservoir expertise and interpretation software, will provide the industry with new capabilities.'' Based in Chandlers Ford, near Southampton, United Kingdom, and with offices in the major oil producing areas of the world, Sensa is the world leader in the design, manufacture and deployment of a new generation of fiber optic sensors. Specialists in real-time data solutions to the oil and gas, process and power distribution industries, Sensa's pioneering application of these fiber optic sensors has enabled producers to reduce operating costs and boost asset performance via the accurate and reliable data they