Slb Limited · NYSE:SLB
Slb — Schlumberger — Howard Weil Energy Conference 2005
16 slides from Slb's conference presentation, Apr 4, 2005
Slide 1: Howard Weil Energy Conference: Presentation by Andrew Gould
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Good morning ladies and gentlemen. It’s always a pleasure to come to New Orleans and I’d like to thank Jeff Parker and Bill Sanchez of Howard Weil for the opportunity to be here today. When Schlumberger held an investors’ day i
Slide 2: Record demand and supply response in 2004
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD 2004 turned out to be the fastest year of growth in 28 years, and as the year progressed it became more and more obvious that high prices were not going to significantly affect underlying rates of economic growth. Throughout 20
Slide 3: Investment levels, decline rates, politics and investor psychology
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Firstly, while investment levels have increased, they have not yet reached a point where they are sufficient for the industry’s needs. Between 2000 and 2004 published figures show that overall investment in exploration and prod
Slide 4: Oil service capacity constraints and positive factors
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Finally, the oil service industry is not in particularly good shape to meet the needs of a rapid worldwide ramp up in activity. A lot of the rig fleet, and much of the equipment are old. Very little spare capacity exists. This
Slide 5: Stranded gas, unconventional resources and technology
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Fourthly, extraordinary progress is being made in the development of stranded gas resources with huge investments in LNG and NGL facilities. I do not think that we have seen the end of this and while the level of infrastructure
Slide 6: Globalized workforce
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Schlumberger’s decision to globalize its workforce was made 30 years ago. It was based on a desire to offer equal opportunity through merit, irrespective of nationality or gender. The result is a unique global population that r
Slide 7: Schlumberger presence in Russia
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Today, we have more than 4,500 employees in Russia, of whom more than 95% are Russian. 70 different nationalities make up the remaining 5% - another very real indication of the diversity of Schlumberger. We have ourselves recru
Slide 8: Four categories of technology
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD We look at technology as fitting into one of four very large categories that give rise to products and services within one or more of our technology segments. The first category includes cost-effective technologies directed at
Slide 9: Market position and technology development organization
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Schlumberger has always believed that you need to be number 1 or 2 to maintain overall market and technical leadership, or you need a plan to get there. You also need to have a clear idea of which technologies are going to most
Slide 10: Technology pipeline and the Scope MWD/LWD family
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD In 2004, we received more than 2000 ideas, of which 700 made it to our opportunity portfolio. 300 of these were selected for implementation. At any one time there are a number of projects in concept, in feasibility, in developm
Slide 11: Scope technology and Integrated Project Management
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Scope technology was developed and tested in collaboration with customers on jobs as far apart as Indonesia and Norway to be sure that it catered to a variety of requirements. The new formation pressure measurement was field-te
Slide 12: Why IPM is significant
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD So just why is IPM significant? Why does it benefit the customer, and what is the advantage for Schlumberger? Firstly it is important to remember that Schlumberger did not decide to start IPM on its own. It was started in the m
Slide 13: IPM revenue growth and components
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD In the last five years we have seen revenues derived from IPM services grow almost fourfold to $1.1 billion. These revenues include four distinct components. The first comes from the IPM project management and engineering that
Slide 14: IPM revenue growth, margins and third-party revenue
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD First, IPM revenue growth in 2004 was across all geographical areas with significant new contracts won in the Middle East, Asia, Russia and Europe. Second, we are confident that we can generate superior margins through the use
Slide 15: Exploration budgets and Q technology
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD The strong commodity prices and tightness in hydrocarbon supply and demand are leading to higher exploration budgets. These highlights are across the business with strong signals in multiclient sales, in land crew activity and
Slide 16: Return on capital, net debt, buybacks and dividend
HOWARD WEIL ENERGY CONFERENCE APRIL 4, 2005 PRESENTATION BY ANDREW GOULD Return on capital employed improved consistently over the last year reaching 19% in the fourth quarter of 2004. Net debt fell to $1.46 billion at the end of the year, which is a level consistent with our overall financial struc