Schlumberger’s bid for Cameron Int’l is big news in a flinching industry. The vision behind the deal is ambitious — even a bit brash. It’s more than just the consolidation of two large oilfield suppliers. The technical aspects of the plan could unleash industry ripples for decades to come.
Cameron’s long-time focus has been on the “heavy iron” used in the oil patch. Schlumberger hopes to expand on that role by creating fully integrated drilling and production systems around its various products. The idea amounts to an operating system that efficiently manages processes from downhole to delivery.
It’s an alluring concept, one that cuts across much of the upstream Continue reading “Schlumberger’s Quiet Moonshot”