In Malaysia, the SpectraSphere* fluid mapping-while-drilling technology has helped add value to PETRONAS brownfield assets. 9) What was the unamortized balance of Schlumberger’s investment in APS projects at June 30, 2020? International revenue declined 19% sequentially with Latin America and Africa experiencing the largest revenue declines due to COVID-19-related restrictions and the drop in deepwater activity. The components of depreciation and amortization expense for the second quarter of 2020 and first quarter of 2020 were as follows: 11) What was the amount of WesternGeco multiclient sales in the second quarter of 2020? Learn about our virus outbreak response within the company and the communities where we live and work. Home UAE Schlumberger. Apply to 0 Schlumberger Jobs in Kuwait : Schlumberger Jobs in Kuwait for freshers and Schlumberger Vacancies in Kuwait for experienced. Severance is associated with reducing Schlumberger’s workforce by more than 21,000 employees. “In the face of such adversity, Schlumberger has demonstrated resilience. Office +1 (713) 375-3535 “First, our cash flow from operations was $803 million and we generated $465 million of free cash flow despite significant severance payments during the quarter. Average Schlumberger hourly pay ranges from approximately $11.84 per hour for Cleaner to $23.50 per hour for Electronics Technician. Mövenpick. Providing support in the areas of employment, recruiting and staffing. Average Schlumberger hourly pay ranges from approximately $11.84 per hour for Cleaner to $23.50 per hour for Electronics Technician. AmbitionBox has 7 Schlumberger reviews submitted by Schlumberger employees. Schlumberger Online Conference Working Together. Fluid identification was performed in real-time, in multiple reservoir horizons. The margin contraction was primarily in North America, while international margin was resilient and flat sequentially. The following is a reconciliation of the weighted average shares outstanding to the average number of shares outstanding, assuming dilution, used in the calculation of diluted earnings per share, excluding charges and credits. In addition, significant progress was also made in improving the results of previously underperforming business units and digital technology adoption has increased. We continue to be opportunistic in accessing the financial markets, systematically refinancing and spacing out future debt maturities, and taking proactive measures to enhance our liquidity position. “This has probably been the most challenging quarter in past decades. “Altogether, I am extremely proud of our operational and financial performance during the quarter as we continue to build the foundation for our future success while we navigate the trough of this downcycle. We are permanently removing $1.5 billion of structural costs annually by reorganizing Schlumberger into a leaner and more responsive company that is better aligned with our customers’ workflows. The components of the $3.7 billion net pretax charge are as follows (in millions): Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. The safety of our people remains paramount. SBM Offshore awarded Schlumberger five contracts for the provision of a comprehensive portfolio of processing technologies to be used on a floating production, storage, and offloading (FPSO) vessel. Jobs in India, Jobs in Malaysia, Jobs in Qatar, Jobs in UAE, Jobs in UK, Jobs in USA, Oil and Gas/Energy/Petrochemicals Schlumberger Jobs Offshore Careers & Recruitment 2021. SpectraSphere technology was successfully deployed in two field rejuvenation campaigns in the Temana and Dulang Fields, offshore Malaysia. North America and international revenues declined 17% and 20%, respectively. Schlumberger employees represent more than 140 nationalities working in more than 120 countries. How does this reconcile to the average number of shares outstanding, assuming dilution, used in the calculation of diluted earnings per share, excluding charges and credits? Layoffs, pay cuts loom as Schlumberger plans to cut up to 30 percent from budget Sergio Chapa , Houston Chronicle March 24, 2020 Updated: March 24, 2020 12:23 p.m. Performing Together. Also known as: Schlumberger Kuwait Last updated on: 26 July 2019 . Outperformance was delivered by prompt cost reduction measures in compensation through headcount rationalization and furloughs, particularly in SIS, WesternGeco, and Wireline. Meanwhile, OneSubsea® revenue was resilient, only declining slightly with international revenue growing sequentially, but offset by a decline in North America. Cutting-edge solutions for reservoir characterization, drilling, production & processing. Schlumberger is the world's leading oilfield services provider. 3,499 reviews from Schlumberger employees about Schlumberger culture, salaries, benefits, work-life balance, management, job security, and more. Don't have an account? The margin contraction was primarily due to reduced profitability in North America, impacting Surface Systems and Valves & Process Systems margins, while international margin expanded sequentially due to OneSubsea and Drilling Systems. Drilling revenue of $1.7 billion, 82% of which came from the international markets, decreased 24% sequentially. The GAIA* digital subsurface platform enables customers to securely and instantly access multidomain, evergreen E&P data as a subscription from a growing number of content providers. A free inside look at company reviews and salaries posted anonymously by employees. Although crude prices have recovered from the historic declines in March and April, they are down … Job opportunities for Schlumberger in Islamabad, Pakistan. Search for jobs and send your resume straight to recruitment agencies and employers in Kuwait, Saudi Arabia, Bahrain, Oman, Qatar, Lebanon, Jordan and the UAE including Jeddah, Riyadh, Doha, Dammam, Manama, Muscat, Beirut, Amman, Abu Dhabi, Dubai and Sharjah. The ETR for the second quarter of 2020, calculated in accordance with GAAP, was 5.5% as compared to 8.9% for the first quarter of 2020. The data provided by SpectraSphere assisted PETRONAS petrotechnical experts to firm up and accelerate perforation and completion design, in addition to understanding the reservoir and improving reserve estimation. Revenue in the Far East Asia GeoMarket was essentially flat as project delays were offset by the seasonal rebound and resumption of activity after the lifting of COVID-19 lockdowns in China. “Looking at the macro view in the near-term, oil demand is slowly starting to normalize and is expected to improve as government measures support consumption. Includes a $42 million increase to the allowance for the doubtful accounts. Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Schlumberger jobs in UAE - Nov 2020 update. Uber Eats. A joint Dragon Oil and Schlumberger team will use this approach to enhance productivity of Dragon Oil’s Lam Main and Lam West Fields in Turkmenistan. Al Hamra Tower, 59th Floor, Sharq, Kuwait City 15300 Kuwait + 965 2205 9048 Salaries posted anonymously by Schlumberger employees. KWD 1,836. Working in more than 85 countries and employing people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production and integrated pore-to-pipeline solutions for hydrocarbon recovery that optimize reservoir performance. Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. In contrast, Mexico and Brazil declined less severely as reduced land activity was partially offset by offshore exploration operations, where work continued with COVID-19 risk-mitigation protocols. 2) What were the cash flow from operations and free cash flow for the second quarter of 2020? Schlumberger jobs openings and salary information in Oman Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Schlumberger Jobs Offshore Careers & Recruitment 2021. Production revenue of $1.6 billion, 75% of which came from the international markets, declined 40% sequentially. The WesternGeco backlog, which is based on signed contracts with customers, was $248 million at the end of the second quarter of 2020. Search for more Maintenance / Workshop Technician / Field Service Technician jobs in Kuwait and other Middle East countries. “In response to market conditions, we recorded $3.7 billion of pretax restructuring and asset impairment charges, including $1 billion of severance costs, as of the end of the quarter. What were the orders and backlog for Cameron’s OneSubsea and Drilling Systems businesses? Revenue in the North Middle East and Saudi Arabia & Bahrain GeoMarkets declined less due to new projects. Aiman Al-Khabbaz Managing Director at NESR الكويت. LEARN MORE New Product & Service Highlights. Repsol announced a significant discovery just days after the survey. The margin decline was due to reduced profitability in North America land from the dramatic fall in activity, which mostly impacted the OneStim margin. The packages will be delivered in 2022 and include NATCO DUAL FREQUENCY* electrostatic treaters, CYNARA* acid gas removal membrane systems, VORTOIL* deoiling hydrocyclones, and EPCON Dual* compact flotation units. As a next step, ExxonMobil and Schlumberger have finalized an enabling agreement for the deployment of DrillOps* on-target well delivery solution in ExxonMobil’s unconventional operations. The service—comprised of BroadBand Shield* fracture-geometry control technology and the equipment required—was deployed in conjunction with a pumping and wellsite equipment services provider. As announced last quarter, Schlumberger and ExxonMobil are jointly working on the deployment of digital drilling solutions around planning, execution, and continuous improvement through learning. 13) What was the book-to-bill ratio for Cameron’s long-cycle businesses? Schlumberger Oilfield Eastern Limited (Schlumberger Kuwait), Kuwait - Company Information. Drilling pretax operating margin of 10% contracted by 289 bps sequentially, posting a 21% decremental operating margin. I would like to extend my heartfelt appreciation for their dedication and sacrifices while working in a difficult operating environment, and for their leadership in helping the communities where we live and work. The parent well experienced no detrimental production impact following the infill well’s stimulation treatments, indicating no negative fracture interference. In addition, COVID-19 disruptions affected drilling activities in Argentina, Bolivia, Colombia, and Peru. North America and international revenues declined 33% and 7%, respectively. Reservoir Characterization pretax operating margin of 18% rebounded 357 bps sequentially despite the significant revenue decline. Schlumberger Jobs and Recruitment 2020: Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. US Eastern Time. Fresh Out Recruiter and University Relations Manager- Qatar, Egypt, Kuwait & North Africa at Schlumberger الكويت . Organised under Offshore, Onshore, Construction Services, Modular Fabrication and Engineering Services verticals, the company delivers ‘design to build’ engineering and construction solutions across the hydrocarbon spectrum. Under the MOU, Honghua will manufacture and sell rigs that have plug-and-play capability with the DrillOps solution, which integrates planning and operations while automating well construction tasks in order for the rig to operate at peak performance throughout the execution of the drilling plan. Salaries at Schlumberger range from an average of $57,828 to $138,602 a year. At the conclusion of the conference call, an audio replay will be available until August 24, 2020 by dialing +1 (866) 207-1041 within North America, or +1 (402) 970-0847 outside North America, and providing the access code 7688409. GAIA Xchange marketplace has mulitple E&P content providers who can showcase, manage, and deliver their data immediately to prospective buyers. Consolidated revenue in the Latin America area of $543 million decreased 42% sequentially, primarily due to a production interruption in our APS projects in Ecuador. To download this file you first sign in to your Schlumberger account. Schlumberger Limited has principal offices in Paris, Houston and The Hague, and reported revenues of USD $35 billion in 2015. A free inside look at Schlumberger salary trends based on 6175 salaries wages for 1412 jobs at Schlumberger. Schlumberger Limited (French: [ʃlœ̃.bɛʁˈʒe]) is an oilfield services company. 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