Aramco CEO Assures Employees of Company’s Strength

Saudi Aramco is well prepared to face the steep drop in oil prices in the short and medium term, and it has made some adjustments in light of the price fall, according to CEO Khalid A. Al-Falih.
Al-Falih said in a memo published in the company’s internal Arabic weekly magazineQafilah that he understands that the current market situation has created ambiguity among company employees and their families about the company's ability to cope with sharply lower oil prices. “That’s why I am here confirming to you that we have strengthened our position when oil prices were high, as we expected this scenario to happen,” Al-Falih said in the memo. “We are able to maintain our long-term commitments, and we will continue our work with high flexibility, efficiency, and wisdom.”

Despite the recent drop in oil prices, Saudi Aramco CEO Khalid A. Al-Falih said the company will "maintain [its] long-term commitments."

The current situation offers an opportunity for Saudi Aramco, he said. “For example, amid these circumstances, we will be able to execute our projects at lower prices because others will be obliged to postpone their projects. This will lead service providers to slash their prices in order to get work,” he said.
Al-Falih said he expects many oil and gas companies will lay off employees, which may offer an opportunity for Saudi Aramco. “We will be able to hire talented people and experts we need to keep our investments going on,” he said.
Meanwhile, Al-Falih said that his company made eight discoveries in 2014, which will help boost the company’s overall reserves. “In addition, our gas production capacity has hit historic levels at 8 billion cubic feet per day,” he said.
By: Abdelghani Henni is the Middle East Editor for the Journal of Petroleum Technology

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Schlumberger to cut 9,000 employees, including in Houston

HOUSTON – Oil field giant Schlumberger said Thursday it will cut approximately 9,000 employees – around 7.5 percent of its workforce around the globe – as both petroleum prices and oil-company spending nosedive.

Schlumberger’s profits fell 82 percent in the fourth quarter as it wrote down $1.7 billion in assets. It said it recorded a $296 million charge related to its headcount reduction.

Robert Drummond, President of Schlumberger North America (left) and Jeremy Aumaugher, South Division Operations Manager (Tom Reel/ San Antonio Express-News)

“It’s very unfortunate, but this is definitely not going to be the last headcount reduction in 2015 in the energy space,” said Rob Desai, an analyst with Edward Jones. “The goal is to position the company to come out of this downturn stronger.”

The oil-tool maker banked $302 million, or 23 cents a share, in net income in the October-December period, compared to $1.66 billion, or $1.26 a share, in the same period in 2013. Its revenues were up from $11.9 billion to $12.6 billion.

The job reductions began in the fourth quarter and are expected to be completed later this year, Schlumberger spokesman Stephen Harris said in an email.

“These global reductions encompass many geographic regions in which we operate, including the Houston area,” Harris said. The company is “not releasing any details on exactly how many and where these reductions are coming from, however.”
The company took an $800 million impairment charge when it retired some of the seismic vessels from its fleet. Schlumberger also took a $472 million devaluation charge on the devaluation of Venezuela’s currency against the U.S. dollar. And it saw $199 million impairment charge as the value of an investment in the Eagle Ford Shale sunk.
Traders reversed a large portion of Wednesday’s rally in crude oil. Futures for international Brent crude fell $1.02 to $47.67 per barrel on London’s ICE Futures Europe market. U.S. benchmark West Texas Intermediate fell $2.23 to $46.25 a barrel on the New York Mercantile Exchange.

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Schlumberger: Largest oilfield services company

Schlumberger Limited is the world's largest oilfield services company Schlumberger employs approximately 123,000 people representing more than 140 nationalities working in more than 85 countries.Its

 principal offices are in Houston, Paris, and the Hague.

History

Schlumberger was founded in 1926 by French brothers Conrad and Marcel Schlumberger as the Société de prospection électrique (French: Electric Prospecting Company). The company recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927. Today Schlumberger supplies the petroleum industry with services such as seismic acquisition and processing, formation evaluation, well testing and directional drilling, well cementing and stimulation, artificial lift, well completions, flow assurance and consulting, and software and information management. The company is also involved in the groundwater extraction and carbon capture and storage industries.

Sclumberger Brothers

The brothers had experience conducting geophysical surveys in countries such as Romania, Canada, Serbia, South Africa, the Democratic Republic of the Congo and the United States. The new company sold electrical-measurement mapping services, and recorded the first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927. The company quickly expanded, logging its first well in the U.S. in 1929, in Kern County, California. In 1935, the Schlumberger Well Surveying Corporation was founded in Houston, later evolving into Schlumberger Well Services, and finally Schlumberger Wireline & Testing. Schlumberger invested heavily in research, inaugurating the Schlumberger-Doll Research Center in Ridgefield, Connecticut in 1948, contributing to the development of a number of new logging tools. In 1956, Schlumberger Limited was incorporated as a holding company for all Schlumberger businesses, which by now included American testing and production company Johnston Testers.[citation needed]

Over the years, Schlumberger continued to expand its operations and acquisitions. In 1960, Dowell Schlumberger (50% Schlumberger, 50% Dow Chemical), which specialized in pumping services for the oil industry, was formed. In 1962, Schlumberger Limited became listed on the New York Stock Exchange. That same year, Schlumberger purchased Daystrom, an electronic instruments manufacturer in South Boston, Virginia which was making furniture by the time the division was sold to Sperry & Hutchinson in 1971. Schlumberger purchased 50% of Forex in 1964 and merged it with 50% of Languedocienne to create the Neptune Drilling Company. The first computerized reservoir analysis, SARABAND, was introduced in 1970. The remaining 50% of Forex was acquired the following year; Neptune was renamed Forex Neptune Drilling Company. In 1979, Fairchild Camera and Instrument (including Fairchild Semiconductor) became a subsidiary of Schlumberger Limited.

the headquarter of Schlumberger, Houston

Schlumberger established the first international data links with e-mail in 1981. In 1983, Schlumberger opened their Cambridge Research Center in Cambridge, England and in 2012 it was renamed the Schlumberger Gould Research Center after the company's former CEO Andrew Gould.

The SEDCO drilling rig company and half of Dowell of North America were acquired in 1984, resulting in the creation of the Anadrill drilling segment, a combination of Dowell and The Analysts' drilling segments. Forex Neptune was merged with SEDCO to create the Sedco Forex Drilling Company the following year, when Schlumberger purchased Merlin and 50% of GECO.[citation needed]

In the 1970s, the company's top executives in North America were relocated to New York City.

In 1987, Schlumberger completed their purchases of Neptune (North America), Bosco and Cori (Italy), and Allmess (Germany). That same year, National Semiconductor acquired Fairchild Semiconductor from Schlumberger for $122 million.[12] In 1991, Schlumberger acquired PRAKLA-SEISMOS, and pioneered the use of geosteering to plan the drill path in horizontal wells.[citation needed]

Schlumberger acquired software company GeoQuest Systems in 1992. With the purchase came the conversion of SINet to TCP/IP and www capability. In the 1990s Schlumberger bought out the petroleum division, AEG meter, and ECLIPSE reservoir study team Intera Technologies Corp. A joint venture between Schlumberger and Cable & Wireless resulted with the creation of Omnes, which then handled all of Schlumberger's internal IT business. Oilphase and Camco International were also purchased.[citation needed]

In 1999, Schlumberger and Smith International created a joint venture, M-I L.L.C., the world's largest drilling fluids (or mud) company. The company consists of 60% Smith International, and 40% Schlumberger. Since the joint venture was prohibited by a 1994 antitrust consent decree barring Smith from selling or combining their fluids business with certain other companies, including Schlumberger, the U.S. District Court in Washington, D.C. found Smith International Inc. and Schlumberger Ltd. guilty of criminal contempt and fined each company $750,000 and placed each company on five years probation. Both companies also agreed to pay a total of $13.1 million, representing a full disgorgement of all of the joint venture's profits during the time the companies were in contempt.

In 2000, the Geco-Prakla division was merged with Western Geophysical to create the seismic contracting company WesternGeco, of which Schlumberger held a 70% stake, the remaining 30% belonging to competitor Baker Hughes. Sedco Forex was spun off, and merged with Transocean Drilling company in 2000.[citation needed]

In 2001, Schlumberger acquired the IT consultancy company Sema plc for $5.2 billion. The company was an Athens 2004 Summer Olympics partner, but Schlumberger's venture into IT consultancy did not pay off, and divestiture of Sema to Atos Origin was completed that year for $1.5 billion. The Cards division was divested through an IPO to form Axalto, which later merged with Gemplus to form Gemalto, and the Messaging Solutions unit was spun off and merged with Taral Networks to form Airwide Solutions. In 2003, the Automated Test Equipment group, part of the 1979 Fairchild Semiconductor acquisition, was spun off to NPTest Holding, which later sold it to Credence.[citation needed]

In 2004, Schlumberger Business Consulting was launched. Based in Paris, it is the company's management consultancy arm. 

In 2005, Schlumberger purchased Waterloo Hydrogeologic,[unreliable source?] which was followed by several other groundwater industry related companies, such as Westbay Instruments, and Van Essen Instruments. Also that year, Schlumberger relocated its U.S. corporate offices from New York to Houston.

In 2006, Schlumberger purchased the remaining 30% of WesternGeco from Baker Hughes for US$2.4 billion.[citation needed] Also that year, the Schlumberger-Doll Research Center was relocated to a newly built research facility in Cambridge, Massachusetts to replace the Ridgefield, Connecticut research center. The facility joins the other research centers operated by the company in Cambridge, England; Moscow, Russia; Stavanger, Norway; and Dhahran, Saudi Arabia.

In 2010, the acquisition of Smith International in an all stock deal valued at $11.3 billion was announced. The sale price is 45.84-a-share price was 37.5 percent higher than Smith closing price on 18 February 2010. The deal is the biggest acquisition in Schlumberger history.The merger was completed on August 27, 2010. Also announced in 2010 were Schlumberger plans to acquire Geoservices, a French-based company specializing in energy services, in a deal valued at $1.1 billion, including debt.

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List of Major Offshore Drilling Companies

Working offshore is an interesting opportunity because you can get some good experiences and high salary which you can rarely find from other jobs. Most of people think that there are few companies in the world involving offshore drilling but actually there are many of them. Currently, those offshore drilling companies are looking for personnel because the oilfield work over the world is getting higher every day.

Nowadays, offshore drilling plays a big part of our drilling industry therefore I would like to share top offshore drilling companies. If you are interested in working with offshore drilling companies, please check out the following companies. There are websites and company profile for each company. If you are interested in any company, we also provide you their company website links so it makes you life easy to contact the companies.

Drilling companies (drilling contractors) are people providing drilling services, equipment, experience to oil companies as Shell, BP, Exxon, Chevron, etc. Working with drilling companies has a lot of advantages as international experience, good income, job challenges, etc.

Aban Loyd Chiles Offshore Limited, Chennai, India

http://www.abanoffshore.com/

Aban Loyd Chiles Offshore Limited is India’s largest offshore drilling contractor in the private sector, offering world-class drilling and oil field services for offshore exploration and production of hydrocarbons to the oil industry in India and abroad. Our innovative and cost effective solutions make us one of the most efficient international drilling contractors. Thanks to a highly qualified professional team backed by years of experience and expertise, we continue to foray into newer waters.

Atwood Oceanics, Houston, TX, USA
http://www.atwd.com/

Atwood Oceanics, Inc., its international operating subsidiary, Atwood Offshore Worldwide Limited and related subsidiaries (“the Atwood Group”), are engaged in the business of international offshore drilling, as well as the completion of exploratory and developmental oil and gas wells, plus related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of everything we do.

Bourbon Offshore
http://www.bourbon-online.com/en/bourbon

BOURBON is a major international player in offshore oil and gas marine services and offers the most demanding clients worldwide, a comprehensive range of innovative, latest-generation, highly productive vessels, and a modular offer of subsea services.

Crosco Integrated, Zagreb, Croatia
http://www.crosco.hr/

Crosco’s priority is to provide integrated onshore and offshore drilling and well services with highly experienced personnel and equipment. Another objective of the company, and the responsibility of each employee, is to continually exceed industry standards for Health, Safety, Environment and Quality and to improve Efficiency and Profitability.

Diamond Offshore, Houston, TX, USA
http://www.diamondoffshore.com/

Diamond Offshore Drilling, Inc., a leading deepwater drilling contractor, owns and operates one of the largest fleets of offshore drilling units in the world. The company’s diverse fleet consists of 33 semisubmersibles, 13 jack-ups and four dynamically positioned drillships, three of which are on order with delivery expected in 2013 and 2014.

Fred. Olsen Energy ASA
http://www.fredolsen-energy.com/

Fred. Olsen Energy ASA (the Company) provides exploration and production services to the offshore oil and gas industry building on 150 years experience in shipping and more than 35 years in offshore drilling.

The Company focuses on rewarding long term customer relationships where innovative and integrated solutions are presented to the benefit of our customers, shareholders and employees.

ENSCO, Dallas, TX, USA
http://www.enscous.com/

Ensco brings energy to the world as a global provider of offshore drilling services. We are the industry leader in customer satisfaction with the second largest offshore drilling fleet. We have an uncompromising commitment to the safety of our employees and the environment and the highest ethical standards. The fleet includes seven drillships, 13 dynamically-positioned semisubmersibles, seven moored semisubmersibles and 49 premium jackups. Ensco’s operations span six continents and our rigs have drilled some of the most complex wells in virtually every major offshore basin around the globe.

Helmerich and Payne, Inc, Metairie, LA, USA
http://www.hpinc.com/

Helmerich & Payne, Inc. (“H&P”) is the successor to a business originally organized in 1920. H&P is primarily engaged in contract drilling of oil and gas wells for exploration and production companies. The contract drilling business accounts for almost all of H&P’s operating revenues, making it one of the major land and offshore platform drilling contractors in the world.

Jindal Drilling Industries, Ltd., New Delhi, India
http://www.jindal.com/jdil/index.html

JDIL is one of the leading Drilling Contractor in India providing services to National and International E&P Companies. We have distinguished ourselves from other service providers for quality of service, operational and safety performance, equipment suitability and availability, reputation, reliability and technical expertise.

Japan Drilling Company, Tokyo, Japan
http://www.jdc.co.jp/en/index.php

Japan Drilling Company , as a leading offshore drilling contractor, will respond to the needs of our customers and exert ourselves to contribute to the development of society and industry. The company will enhance our technical capabilities and corporate agility to ensure sustainable growth while conforming to our business conduct principles. Additionally, the company will make every effort to achieve safe operations and protect the marine and global environments

KCA DEUTAG, Aberdeen, Scotland
http://www.kcadeutag.com/

KCA DEUTAG is one of the largest international drilling contractors. The company employs 8,000 staff in more than 22 countries and it had revenue in 2010 of US$1.34 billion.

KCA DEUTAG is currently the drilling operations contractor on 33 offshore platforms worldwide and owns and operates a fleet of mobile offshore drilling units consisting of 3 jack-ups and 3 self erecting tender barges. The company also owns and operates a fleet of more than 60 land drilling rigs.

Maersk Drilling Contractors, Copenhagen, Denmark
http://www.maersk-drilling.com/business_area.aspx

Maersk Drilling supports global oil and gas production by providing high-efficiency drilling services to oil companies around the world. We command an extensive and technologically advanced fleet of six harsh environment jack-up rigs, three deepwater semi-submersibles, one 3,000 ft semi-submersible, four 350 ft & two 375 ft jack-up rigs and ten cantilevered drilling barges.

Nabors Industries, Houston, TX, USA
http://www.nabors.com/Public/index.asp

The Nabors companies own and operate approximately 550 land drilling and approximately 727 land workover and well-servicing rigs in North America. Nabors’ actively marketed offshore fleet consists of 37 platform rigs, 13 jack-up units and 3 barge rigs in the United States and multiple international markets. In addition, Nabors manufactures top drives and drilling instrumentation systems and provides comprehensive oilfield hauling, engineering, civil construction, logistics and facilities maintenance, and project management services. Nabors participates in most of the significant oil, gas and geothermal markets in the world.

Jasper Offshore
http://www.jasperoffshore.com/

Jasper Offshore is an international offshore drilling contractor providing efficient, safe and reliable drilling services to the oil & gas industry. The Company owns and operates its own fleet of Mobile Offshore Drilling Units as well as providing project and operational management services. The Company owns and operates its own fleet of Mobile Offshore Drilling Units as well as providing project and operational management services.

Noble Drilling Corporation
http://www.noblecorp.com/

Noble Corporation celebrates its 90th year in 2011. Very few companies, and even fewer drilling contractors, can claim this milestone. The Company’s proactive style of management has guided it from a one rig operation in 1921 to one of the largest offshore drilling contractors in the world today. The Company’s growth since the time of its spin-off from Noble Affiliates in 1985 has come about through a series of strategic acquisitions of offshore drilling assets and ancillary, non-capital intensive businesses around the world.

Odfjell Drilling
http://www.odfjelldrilling.com

Odfjell Drilling operates a number of semisubmersibles in the North Sea and has more than 36 years of international experience of design, ownership and operational management of semisubmersibles, drillships, jack-ups and modular drilling units. During the recent years Odfjell Drilling have invested heavily in the renewal of its company fleet, covering state of the art ultra deepwater drilling units capable for worldwide operations in all environmental conditions.

Parker Drilling Company
http://www.parkerdrilling.com/

Parker Drilling (NYSE:PKD) provides advanced drilling solutions to the energy industry. We are a technically innovative company providing worldwide drilling services, rental tools and project management, including rig design, construction and operations management.

Parker’s international fleet includes 28 land rigs and two barge rigs in strategic markets, and its U.S. fleet includes 13 barge rigs in the U.S. Gulf of Mexico. Parker’s rental tools business supplies premium equipment to operators on land and offshore in the U.S. and select international markets. Parker’s project management business includes multiple contracts for the design, construction or operation of customer-owned rigs, including operation of two extended-reach-drilling land rigs (also designed and built by Parker) and one offshore drilling platform.

Precision Drilling, Alberta, Canada
http://www.precisiondrilling.com/

Precision Drilling Corporation is Canada’s largest oilfield services company and one of the largest in the United States. Precision also has a growing presence internationally. Precision provides contract drilling, well servicing and strategic support services to customers. Precision supplies on-the-ground expertise – people, equipment and knowledge – to provide value to our customers on a daily basis.

Rowan Companies
http://www.rowancompanies.com/

Rowan Companies, Inc. is an international provider of contract drilling services with a focus on high-specification and premium jack-up rigs located worldwide, including the Middle East, the North Sea, Trinidad, the U.S. Gulf of Mexico, and Mexico. Rowan has a market leading position in high-specification jack-up rigs, which remain in high demand. The Company’s stock is traded on the New York Stock Exchange under the symbol “RDC.”

Saipem, Italy
http://www.saipem.com/

Saipem is a large, international and one of the best balanced turnkey contractors in the oil & gas industry. Saipem has a strong bias towards oil and gas related activities in remote areas and deepwater and is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large-scale offshore and onshore projects, and technological competencies such as gas monetization and heavy oil exploitation.

Sea drill
http://www.seadrill.com/

Seadrill is a leading offshore deepwater drilling company, aiming to be our customers’ most important partner in making oil and gas available in a safe and cost-effective manner. The company operates a versatile fleet of 60 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments. Seadrill has some 6,650 skilled and highly competent employees, representing some 50 nationalities, operating in 15 countries on five continents.

Songa Offshore
http://www.songaoffshore.no/

Songa Offshore is an international offshore drilling company operating a fleet of 5 semi-submersible rigs with an additional 3 on order. Songa Offshore’s portfolio spans the mid-water and ultra-deepwater market segments. With a highly experienced management team, Songa Offshore’s vision is to provide safe, efficient and reliable drilling services. The company is headquartered in Limassol (Cyprus), and currently has operating offices in Oslo, Stavanger, Houston, Singapore, and Perth.

Stena Drilling
http://www.stena-drilling.com/home.asp

Stena Drilling, a wholly owned subsidiary of Stena AB, Gothenburg, Sweden is one of the world’s foremost independent drilling contractors. In 1989 and 1996 Stena acquired Houlder Marine Drilling and Ben Line Steamers / Atlantic Drilling, respectively; and with them, history and pedigree dating back to the mid-1970s. The acquisitions were strategic in providing Stena Drilling, not only with worthy drilling units, but also with staff and personnel, who brought invaluable operational experience and success into the Company.

Today, Stena Drilling manages a global business, holding a portfolio of successful, past and present operations in the North Sea, US Gulf of Mexico, South East Asia, Mediterranean, Caribbean, South America, Australia, North Africa and West Africa. In expanding its fleet of well-maintained drilling units, the Company has had an active role in building and converting rigs and, in doing so, pioneering some of the most leading-edge technologies and innovations in the drilling world.

Transocean
http://www.deepwater.com/fw/main/Home-1.html

Transocean, the world’s largest offshore drilling contractor, provides the most versatile fleet of mobile offshore drilling units to help customers find and develop oil and natural gas reserves. Building on more than 50 years of experience with the highest specification rigs, our 18,000 employees are focused on safety and premier offshore drilling performance.

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Top 10 Oilfield services companies

As an oilfield solids control equipment company,here we collect World’s Top10 biggest oilfield services companies list
1. Schlumberger(http://www.slb.com)
2. Halliburton(http://www.halliburton.com/)
3. Saipem (http://www.saipem.it/)
4. Transocean(http://www.deepwater.com/)
5. Baker Hughes(http://www.bakerhughes.com/)
6. Fluor(http://www.fluor.com/)
7. Weatherford International(http://www.weatherford.com/)
8. BJ Services Company(http://www.bjservices.com/)
9. Petrofac(http://www.petrofac.com/
10. China Oilfield Services Ltd.
(Revenues in $)
1. Schlumberger ($ 27.16 bn) Top 1 Biggest oilfield services company
When Conrad and Marcel founded the initial incarnation of Schlumberger
in France back in 1926, I’m sure even they didn’t know that it would one
day become the largest oilfield services company in the world.
Schlumberger now operates in around 80 countries and has a staggering
82,000 employees. The company, registered in the Dutch Antilles and
headquartered in Houston, Paris and The Hague supplies numerous products
and services including seismic acquisition and processing, formation
evaluation, well testing and directional drilling, well cementing and
stimulation, artificial lift, well completions and consulting, and
software and information management.
The CEO of the company, Andrew Gould, started work in the internal
audit department at Schlumberger’s Paris office in 1975. Since then he
has held a number of positions within the company before assuming his
current role in 2003.
In the Middle East Schlumberger are involved in numerous large scale
projects for companies including Saudi Aramco, including the huge Dharan
field, Abu Dhabi National Oil Company (ADNOC), Kuwait Oil Company (KOC)
and Qatar Petroleum (QP) among many others.
2. Halliburton ($ 18.28 bn) Top 2 Biggest oilfield services company
Although Halliburton has to settle for second place, there is no doubt
that due to various controversies over the last decade, the company is
far more famous than an oilfield operator should. A view, if you read
the various disclaimers on its website, shared by Halliburton
themselves.
The company started out in 1919 specialising in cementing oil well walls
in Texas. Today Halliburton has 57,000 employees and operates in around
70 countries. The company has dual headquarters in Houston and Dubai
and provides technical products and services for oil and gas exploration
and production.
The CEO of Halliburton, David J. Lesar, caused controversy in 2007
after announcing that he was moving to Dubai and would run operations
from the Middle East. The move was believed to be in line with the
company’s growth in the region. Lesar said at the time: “As the CEO, I’m
responsible for the global business of Halliburton in both hemispheres
and I will continue to spend quite a bit of time in an airplane as I
remain attentive to our customers, shareholders and employees around the
world.”
The move seems to have paid off and Halliburton has recently won some
blue-chip contracts in the Middle East including Saudi Aramco’s Manifa
offshore field and the giant Khurais field in the Saudi desert.
3. Saipem ($ 14.1 bn) Top 3 Biggest oilfield services company
A subsidiary of Italian energy company ENI, Saipem is one of the largest turnkey contractors in the oil and gas industry.
Founded in 1957, the Italian company has made its name handling the
oilfield services for a number of challenging projects both on and
offshore. With over 30,000 employees operating in all the major oil and
gas producing nations, the company has earned a reputation in the
industry for achieving results.
Saipem own and operate over 50 vessels that deal with all aspects of
offshore construction and services activities including drilling and
pipe laying.
The company has a number of high profile contracts in the Middle East
and works with most major NOCs including Saudi Aramco, ADNOC and
Sonatrach.
4. Transocean ($ 12.67 bn) Top 4 Biggest oilfield services company
Transocean is the world’s largest offshore drilling contractor. The
company rents out floating, mobile drill rigs, along with the equipment
and personnel needed for operations, to oil and gas companies.
The company was founded in the US, but is currently headquartered in
Geneva, Switzerland. Transocean employs around 26,300 people and has
offices in 20 countries around the world. Transocean has a fleet of 136
vessels and units. Company’s day rates day rates currently extend as
high as $ 650,000 for its deepwater drillships, which house dual
activity derricks and are capable of drilling in ultra-deep ocean depths
of 10,000 feet.
5. Baker Hughes ($ 11.86 bn) Top 5 Biggest oilfield services company
Yet another oilfield services company headquartered in Houston, Texas.
Baker Hughes provides the hydrocarbons industry with reservoir
consulting and products and services for drilling, formation evaluation,
completion and production.
With almost 40,000 employees operating inover 90 countries, Baker Hughes
is an amalgamation of numerous companies whose combined history can be
traced back to the early 1900s. The Hughes section of the name actually
comes from Hughes Tools Company which was owned by the father of
legendary American entrepreneur, aviator and recluse Howard Hughes.
The company has numerous large contracts with all the Middle Eastern
NOCs such as Saudi Aramco, Qatar Petroleum and ADNOC as well as
interests in places as diverse as Kazakhstan and Algeria.
6. Fluor ($ 22.326 bn) Top 6 Biggest oilfield services company
In regards to revenues Fluor finishes above both Halliburton and Baker
Hughes, but due to the companies various interests in other industries
only manages to finish fourth on the list. A Fortune 500 company,
headquartered in the Las Colinas area of Irving Texas, Fluor employs
over 41,000 people and has offices in 25 countries.
In regards to oilfield services the company provides the full range
including. enhanced oil recovery systems, steam-generating plants, gas
compression and injection systems, production systems for conventional
fluids, gathering systems and separation systems. (gas-oil-water
separation; gas and oil dehydration, desanding, desalting, and
sweetening.
Contracts in the Middle East include the $ 9 bn Manifa offshore
oilfield development as well as working closely with numerous other NOCs
including the Kuwait Oil Company.
7. Weatherford International ($ 7.8 bn) Top 7 Biggest oilfield services company
Weatherford is a provider of products and services that span the
drilling, evaluation, completion, production and intervention cycles of
oil and natural gas wells.
Started in the US in 1948, Weatherford employs around 46,700 employees
and operates in more than 100 countries. The company provides a whole
host of services including drilling, evaluation, conveyance, completion
systems, production, maximising recovery and well optimisation.
The company works extensively in the Middle East with a number of
high profile companies including the ubiquitous Saudi Aramco and ADNOC
as well as having ongoing projects across the Gulf region.
It was also recently announced that Weatherford are drilling a number of wells at the al-Bazrakan field near Armara in Iraq.
8. BJ Services Company ($ 4.08 bn) Top 8 Biggest oilfield services company
Founded way back in 1872 BJ Services Company is based in Houston, Texas.
The company has over 13,000 employees and operates in over 50 countries
worldwide.
BJ Services provides various oilfield services including, pressure
pumping, cementing and stimulation services, remedial work, completion
tools, completion fluids, casing and tubular services, production
chemical services, and pre-commissioning, maintenance and turnaround
services in the pipeline and process business, including pipeline
inspection.
BJ Services has a number of ongoing projects around the Middle East including the huge QatarGas project in Qatar.
9. Petrofac ($ 3.34 bn) Top 9 Biggest oilfield services company
Petrofac is an oilfield services company based n London. It has over
11,000 employees and operates out of 24 offices worldwide. The company
has seven business units providing a variety of services to the oil and
gas industry including operations management, engineering, construction
and maintenance.
Petrofac has extensive interests in the Middle East and North Africa
region and has recently won around $ 5 bn worth of contracts including a
$ 2.3 bn contract by Abu Dhabi Company for Onshore Oil Operations
(ADCO) for the full development of the onshore Asab oil field, a $ 543
mm lump-sum contract by Kuwait Oil Company and a $ 2.2 bn engineering,
procurement and construction (EPC) contract for the El Merk central
processing facility in the Berkine Basin of Algeria.
10. China Oilfield Services Ltd. ($ 1.23 bn) Top 10 Biggest oilfield services company
The Beijing-based China Oilfield Services Ltd (COSL), is state-controlled, but also trades on the Chinese stock exchange.
Founded in 1967, COSL has around 8,500 employees and its services cover
exploration, development, and production of offshore oil and natural gas
operations. Its four business segments are drilling services, well
services, shipping, and geophysical services.
COSL claims a 95 % share of China’s market for offshore drilling
services, 70 % of the marine support and transportation market, 60 % of
the well survey services market and more than 50 % of the seismic data
collection market.While active in the Middle East, COSL is believed to
be looking at a number of acquisition targets to further increase its
presence in the region.

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