Schlumberger
Let’s launch the list with a company worthy of the top spot. Schlumberger has topped the ranking by virtue of its exhaustive portfolio of oilfield products, services, and technologies, and its focus on the Middle East and North Africa (MENA) oil and gas market. The Houston-headquartered oilfield services major has been working with key upstream operators, and has been involved with numerous complex projects in the region.
In alignment with the global corporate push for operational excellence, Schlumberger seems to have put mergers and acquisitions (M&A) at the centre of its expansion strategy. The merger with Cameron last year, the purchase of Peak Well Systems in January this year, and the joint-venture with rival Weatherford (named OneStim) for the North American market, are among the significant acquisitions Schlumberger has made in recent times, ensuring that the company increases its reach in the global oilfield services market with every addition to its portfolio.
The standard of products and services within a company’s portfolio figures heavily in where oilfield services players stand in the market. Schlumberger has been producing pioneering products for decades now, most of which are in operation in the regional industry. The OptiDrill real-time drilling intelligence service is one such highlight in its portfolio, helping mitigate risk and increase efficiency during drilling. The system offers early detection of hazards and drillers receive quick guidance on how to mitigate severe downhole dynamics.
Highlight: Schlumberger operates in over 85 countries and employs about 100,000 people of 140 nationalities.
