Schlumberger and Honghua Electric Co., Ltd. entered into a memorandum of understanding (MOU) for the seamless integration of the DrillOps on-target well delivery solution with all new Honghua rigs. Hussam Marafie. Average Schlumberger hourly pay ranges from approximately $11.84 per hour for Cleaner to $23.50 per hour for Electronics Technician. North America and international revenues declined 17% and 20%, respectively. Schlumberger Oil jobs in Bahrain - Check out latest Schlumberger Oil job vacancies in Bahrain with eligibility, salary, companies etc. Apply free to various Schlumberger Oil job openings @monstergulf.com ! This was due to our swift and decisive actions to reduce operating costs, restructure, and rationalize our asset base. Schlumberger employees represent more than 140 nationalities working in more than 120 countries. As the pandemic lingers, we will remain cautious in our global operations. Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Deliver with Uber. Revenue in the Middle East, Russia, Europe, and Asia proved more resilient as these regions, when combined, declined 10% sequentially. *Mark of Schlumberger or Schlumberger companies. Schlumberger second-quarter revenue declined 28% sequentially, caused by the unprecedented fall in North America activity, and international activity drop due to downward revisions to customer budgets accentuated by COVID-19 disruptions. Cameron revenue declined 19% sequentially, mostly due to North America land activity decline in Surface Systems and Valves & Process Systems. “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. China National Offshore Oil Corporation (CNOOC) awarded OneSubsea an engineering, procurement, and construction (EPC) contract for the supply of an integrated subsea production and processing system for the Lufeng 22-1 oil field in the South China Sea. Drilling & Measurements and M-I SWACO accounted for most of the margin decline and experienced the largest drop in activity due to their sizeable footprint in North America land. The difference principally consists of corporate items, charges and credits, and interest income and interest expense not allocated to the segments as well as stock-based compensation expense, amortization expense associated with certain intangible assets, certain centrally managed initiatives, and other nonoperating items. EOE including Disability/Protected Veterans. 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. Click below to get started. 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? Salaries posted anonymously by Schlumberger employees. The results of our actions and continued success with technology—particularly digital—can be seen from our decremental margins and our strong free cash flow generation. We need a little more information from you before we can grant you access. “By business segment sequentially, second-quarter revenue for Reservoir Characterization and Drilling fell 20% and 24%, respectively. This speaks volumes about an industry confronted with historic oil demand and supply imbalances caused by demand destruction from the global COVID-19 containment effort. These amounts are included within Other Assets in Schlumberger’s Condensed Consolidated Balance Sheet. Joy V. Domingo – Director of Investor Relations, Schlumberger Limited A free inside look at company reviews and salaries posted anonymously by employees. 26 Schlumberger reviews in State of Kuwait. Get up-to-date business information, contact details, latest news and press releases and people contacts on ZAWYA MENA Edition Earn cash this Fall. Tarek Khalil country manager at Weatherford الكويت. Schlumberger is the world’s leading oilfi eld services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customer working in the oil and gas industry. Country of Incorporation Kuwait Ownership Type Foreign Established In 1956 Primary Sector Oil and Gas Number of Employees-Contact details. Multiclient sales, including transfer fees, were $71 million in the second quarter of 2020 and $88 million in the first quarter of 2020. SpectraSphere technology was successfully deployed in two field rejuvenation campaigns in the Temana and Dulang Fields, offshore Malaysia. Search for more Maintenance / Workshop Technician / Field Service Technician jobs in Kuwait and other Middle East countries. 9) What was the unamortized balance of Schlumberger’s investment in APS projects at June 30, 2020? Production revenue declined 40% sequentially, driven by the precipitous drop in OneStim® pressure-pumping activity. 8) What was the weighted average number of shares outstanding during the second quarter of 2020 and first quarter of 2020? A free inside look at Schlumberger salary trends based on 88 salaries wages for 53 jobs at Schlumberger. The increasing number of horizontal wells undertaken by CNPC each year has made the differentiated technology of the ThruBit services platform essential to their reservoir evaluation strategy. Although crude prices have recovered from the historic declines in March and April, they are down … Fresh Out Recruiter and University Relations Manager- Qatar, Egypt, Kuwait & North Africa at Schlumberger الكويت . Tarek Khalil. Schlumberger Limited has principal offices in Paris, Houston and The Hague, and reported revenues of USD $35 billion in 2015. This was due to the North America land activity decline and COVID-19 disruptions in several international GeoMarkets. 4) How did interest income and interest expense change during the second quarter of 2020? 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. Read more about working at Schlumberger. All; Full-time; Part-time; Internship; Freelance; Remote; We are working towards adding more jobs in this search. GAIA Data Discovery and Marketplace Platform, ConcentraFlo Pipeline Chemistry Solutions and Service, ChemWatcher Integrated Chemical Management System, Process Live Data-Enriched Performance Service, ACTive Real-Time Downhole Coiled Tubing Services, CoilTOOLS CT Intervention Tools and Solutions, ProActive Drilling Asset Management Services, Schlumberger Announces Second-Quarter 2020 Results, Q2 2020 Earnings Release, with Financial Tables, Q2 2020 Earnings Conference Call Prepared Remarks, Q2 2020 Earnings Conference Call Transcript, (Stated in millions, except per share amounts), Diluted EPS (loss per share) - GAAP basis, Diluted EPS, excluding charges & credits*, Shares issued under employee stock purchase plan, Average shares outstanding, assuming dilution, Amortization of multiclient seismic data costs capitalized, Costs associated with exiting certain activities, Worldwide revenue of $5.4 billion decreased 28% sequentially, International revenue of $4.1 billion decreased 19% sequentially, North America revenue of $1.2 billion decreased 48% sequentially, GAAP loss per share, including charges and credits of $2.52 per share, was $2.47, EPS, excluding charges and credits, was $0.05, Cash flow from operations was $803 million and free cash flow was $465 million, Board approved quarterly cash dividend of $0.125 per share. 13) What was the book-to-bill ratio for Cameron’s long-cycle businesses? Deliver with Uber! Jobs Recruitment Scams: Be Vigilant. Visit PayScale to research Schlumberger salaries, bonuses, reviews, benefits, and more! Schlumberger Online Conference Working Together. Revenue in the North Middle East and Saudi Arabia & Bahrain GeoMarkets declined less due to new projects. 2) What were the cash flow from operations and free cash flow for the second quarter of 2020? Schlumberger Oil jobs in Qatar - Check out latest Schlumberger Oil job vacancies in Qatar with eligibility, salary, companies etc. In Malaysia, the SpectraSphere* fluid mapping-while-drilling technology has helped add value to PETRONAS brownfield assets. Some of the technologies include ACTive* real-time downhole coiled tubing services, OpenPath Reach* extended-contact stimulation service, and OpenPath Sequence* diversion stimulation service. It involved wellbores with up to 80° of inclination and large overbalance, resulting in approximately USD 2 million in operating cost savings. First oil is scheduled for delivery in late 2021. 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. 1) What is the capital investment guidance for the full year 2020? Schlumberger Oilfield Eastern Limited (Schlumberger Kuwait), Kuwait - Company Information. To find out more, read our privacy policy. We use cookies to improve your experience on our site. Capital investment (comprised of capex, multiclient, and APS investments) for the full year 2020 is expected to be approximately $1.5 billion, which is approximately 45% lower than 2019. Apply free to various Schlumberger Oil job openings @monstergulf.com ! Absent these risks, we anticipate flat sequential revenue on a global basis and our pretax segment operating income and margin should expand as a result of our restructuring efforts, improved activity mix, and sustained benefits from technology adoption, including digital. Schlumberger Jobs. Some 262 oil service workers at Schlumberger's Norwegian subsidiary plan to go on strike from Dec. 3 if negotiations with employers over pay and … Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Schlumberger follow its policy by make sure safety and health of the employee come first. 3,482 reviews from Schlumberger employees about Schlumberger culture, salaries, benefits, work-life balance, management, job security, and more. 151 reviews from Schlumberger employees about Schlumberger culture, salaries, benefits, work-life balance, management, job security, and more. 12) What was the WesternGeco backlog at the end of the second quarter of 2020? Three out of our four business segments and more than half of our 13 international GeoMarkets either expanded or maintained their international margins on a sequential basis. fast facts Business Summary Provides oilfield services. Salaries at Schlumberger range from an average of $57,828 to $138,602 a year. Represents the write-down of inventory to its net realizable value. 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. To access the call, which is open to the public, please contact the conference call operator at +1 (844) 721-7241 within North America, or +1 (409) 207-6955 outside North America, approximately 10 minutes prior to the call’s scheduled start time, and provide the access code 4013483. Internationally, markets may continue to be disrupted by the pandemic and will continue to adjust to budget levels set during the second quarter, but this would be mostly offset by the seasonal return of activity in the Northern Hemisphere and the rebound of Latin America from its second-quarter weakness. Home UAE Schlumberger. Statements in this second-quarter 2020 earnings release are made as of July 24, 2020, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise. 26 Schlumberger reviews in State of Kuwait. The margin contraction was primarily in North America, while international margin was resilient and flat sequentially. Perform robust seismic survey design and analysis. 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. 0 1250 2500 3750 5000. “We believe the decisive and comprehensive measures we have taken to face the industry reality will continue to protect our liquidity and cash positions and allow us to expand our margins. The solution uses the Petrel* E&P software platform to improve subsurface insight and to identify bypassed reserves. Capex is expected to be approximately $1.1 billion in 2020 as compared to $1.7 billion in 2019. The technology is expected to enable faster, lower-cost wells through drilling automation and orchestration of the digital well plan generated by DrillPlan* coherent well construction planning solution. The average Schlumberger salary ranges from approximately $37,564 per year for Accounts Receivable Clerk to $175,000 per year for Architect. Abraar Jumaah Al-Bloushi Petroleum geologist at Kuwait Oil Company الكويت. DPR is adopting Schlumberger digital technologies in alignment with its commitment to promoting Nigeria’s oil and gas assets online to a global audience in a secure digital environment. This second-quarter 2020 earnings release, as well as other statements we make, contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts, such as our forecasts or expectations regarding business outlook; growth for Schlumberger as a whole and for each of its product lines (and for specified products or geographic areas within each product line); oil and natural gas demand and production growth; oil and natural gas prices; pricing; Schlumberger’s response to, and preparedness for, the COVID-19 pandemic; access to raw materials; improvements in operating procedures and technology; capital expenditures by Schlumberger and the oil and gas industry; the business strategies of Schlumberger and Schlumberger’s customers; Schlumberger’s digital strategy; Schlumberger’s restructuring efforts and charges recorded as a result of such efforts; our effective tax rate; Schlumberger’s APS projects, joint ventures, and alliances; future global economic and geopolitical conditions; and future results of operations. 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. A free inside look at Schlumberger salary trends based on 408 salaries wages for 228 jobs at Schlumberger. All; Full-time; Part-time; Internship; Freelance; Remote; We are working towards adding more jobs in this search. Schlumberger Jobs Offshore Careers & Recruitment 2021. This was mainly due to lower Wireline activity in North America land and the Eastern Middle East and Sub-Sahara Africa GeoMarkets. 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. Average Monthly Salary Schlumberger in Kuwait. Using a suite of remote solutions, including remote customer-witness factory integration testing (FIT), a remote master control station, and integrated control and safety systems, OneSubsea was able to provide overviews of system functionality without requiring onsite witnessing. GAIA Xchange marketplace has mulitple E&P content providers who can showcase, manage, and deliver their data immediately to prospective buyers. Consists of equipment that will no longer be utilized and facilities Schlumberger is exiting. investor-relations@slb.com. Schlumberger jobs in UAE - Nov 2020 update. In addition, sales in North America land of Surface Systems, Artificial Lift Solutions, and Valves & Process Systems decreased sequentially. Schlumberger is leading the industry in the development of Digital solutions to increase performance in drilling and reservoir characterization. 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. 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. BP is now considering conducting all future FITs remotely, which would result in significant cost savings related to travel and further reduce operational risk. Schlumberger. Also known as: Schlumberger Kuwait Last updated on: 26 July 2019 . The unamortized balance of Schlumberger’s investments in APS projects was approximately $1.8 billion at June 30, 2020 and $2.5 billion at March 31, 2020. 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