Schlumberger Ltd.: Moving to “Just-in-Time” Technology

Schlumberger Ltd. is the leading supplier of oilfield services technology, solutions and project management in the world. The company’s products and services help oil explorers to optimize the performance of their reservoir. For 80 years, Schlumberger has used teamwork, knowledge and innovation to leverage on the company’s assets so that customers can improve on their performance. Its 115,000 workers in 85 countries reflect the company’s belief that diversity can spur collaboration, creativity and understanding between customers and the company. The company has developed a close relationship with its clients. This way, the company can meet what the clients need. Schlumberger is serious with its commitment to innovation. The company has 25 research facilities around the world that are focused on innovation and development. In 2011, Schlumberger has spent $1.1 billion for research and development. With the way Schlumberger has showed its commitment to research and development, there is no reason why soon, the industry of oil exploration would move from “just-in-case” to “just-in-time.”