This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Schlumberger Announces Second-Quarter 2013 Results

Pretax operating margin of 30.1% increased 380 bps sequentially on strong, high-margin WesternGeco multiclient sales and robust Wireline deepwater activity.

A number of technology highlights across the Reservoir Characterization Group contributed to the second-quarter results.

In the North Sea, WesternGeco has begun acquisition of two complex 4D surveys for BP using DISCover* broadband deep interpolated streamer technology, the first time the technology has been used in the North Sea. The surveys, which cover approximately 740 km2 over the Magnus, Foinaven, Schiehallion, and Loyal fields, involve undershooting obstructions and considerable simultaneous operations.

WesternGeco has begun acquisition on the new Four Point 3D broadband multiclient survey in the DeSoto Canyon, Mississippi Canyon and Lloyd Ridge areas of the eastern US Gulf of Mexico. The narrow-azimuth survey covers approximately 400 Outer Continental Shelf (OCS) blocks over 9,600 km2, and uses ObliQ* sliding-notch broadband technology to optimize the recorded bandwidth of the seismic signal. Data processing will include full waveform inversion and tilted transverse isotropic imaging.

WesternGeco has been awarded a contract by RWE Dea Norge AS for the acquisition of approximately 1,250 km2 of broadband seismic data over their new APA 2012 license in the Norwegian Sea. This will be the first third-party proprietary survey offshore Norway using the ObliQ sliding-notch broadband acquisition and imaging technique. Q-Marine Solid* streamers and Delta* calibrated marine broadband sources will also be used with the objective of enhancing resolution and improving the fault definition in the Tertiary, Cretaceous and Jurassic sections where existing data quality is poor.

WesternGeco has been awarded a multiyear contract by Shell Canada Limited for acquisition and processing of a 12,000-km2 3D wide-azimuth survey offshore Nova Scotia, the first wide-azimuth survey acquired offshore Canada and the largest seismic program in Nova Scotia history. The survey is over Shell’s new exploration licenses in the Shelburne basin, approximately 275 km south of Halifax, and will be conducted by the WG Magellan and WG Cook using Q-Marine Solid streamer technology and is supported by two dedicated source vessels Geco Tau and Ocean Odyssey. The survey commenced in June 2013, with further data to be acquired in 2014.

In the UK sector of the North Sea, Wireline Saturn* 3D Radial Probe technology was deployed for EnQuest to obtain high quality viscous oil samples in shallow unconsolidated formations. The larger flow area offered by the Saturn elliptical probe design also led to improvements in operational efficiency, enabling the operator to save up to 75% in fluid sampling time compared with conventional sampling methods.

5 of 13

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.06 -0.60%
FB $117.86 -0.17%
GOOG $698.05 0.34%
TSLA $213.98 -3.90%
YHOO $36.99 2.80%


Chart of I:DJI
DOW 17,702.10 +50.84 0.29%
S&P 500 2,057.75 +6.63 0.32%
NASDAQ 4,734.8530 +9.2140 0.20%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs