Schlumberger acquires Geoservices, gains mud logging technology

Schlumberger has acquired Geoservices, a privately owned French oilfield services company specializing in mud logging, slickline, and production surveillance operations.

Offshore staff

PARIS -- Schlumberger has acquired Geoservices, a privately owned French oilfield services company specializing in mud logging, slickline, and production surveillance operations.

Founded in 1958, Geoservices employs approximately 5000 people in more than 50 countries. The mud-logging company has developed new technology for exploration and appraisal well activities, particularly in the deepwater market, Schlumberger says.

“The addition of mud logging technology to the Schlumberger portfolio is an important step in the development of higher-performance drilling systems,” says Andrew Gould, chairman and CEO, Schlumberger. “The combination of Schlumberger real-time downhole formation sampling measurements with Geoservices’ drilling mud analysis will help customers better identify and react to drilling hazards, while the combination of mud logging with Schlumberger formation evaluation measurements will bring more complete understanding of rock lithology and fluid content.”

03/29/2010

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