SCHLUMBERGER TECHNOLOGY HUB OPENS

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SCHLUMBERGER TECHNOLOGY HUB OPENS
13 September 2004 - Schlumberger

Schlumberger Russia announced on the 7th of September, 2004, the opening of the Schlumberger Technology Hub located within the campus of the Gubkin Russian State University of Oil and Gas (GRSU). The Technology Hub brings together skilled and recognized experts in the oil and gas industry to work on projects related to geological and geophysical exploration, field development, drilling, well logging, completions, and production optimization.

The Technology Hub brings together skilled and recognized experts in the oil and gas industry to work on projects related to geological and geophysical exploration, field development, drilling, well logging, completions, and production optimization.

The experts will work to advise and assist in the design of optimal technological solutions and to find answers to the complex, multidisciplinary challenges that arise regularly in production, field development, and exploitation. They will also participate in the training and development of technical oil field experts and will engage GRSU students and professors in activities.

The opening ceremony was attended by GRSU Head Albert Vladimirov, OSC LUKOIL Chairman of the Board of Directors and OSC RITEK CEO Valeriy Greiffer, and Schlumberger Russia President Maurice Dijols, together with representatives from the scientific community and the major producing companies.

'This Technology Hub is unique,' commented Vladimirov. 'It is created on the premises of the country's leading specialized oil and gas educational establishments, it is staffed with recognized experts, and its potential customers are the major producing companies. This combination will, I'm sure, provide the best technical and technological solutions for the highly complicated challenges of the Russian Oil and Gas Industry.'

The Technology Hub is one of several joint projects between Schlumberger Russia and the GRSU. Previously, the company and the University established the NExT series of refresher courses for oil and gas industry specialists in 2002. And recently, under a new agreement, Schlumberger began installing powerful workstations equipped with the latest Schlumberger state-of-the-art software in one of the University's newly renovated classrooms. This classroom will be a part of the new curriculum being offered.

http://www.slb.com/

About: Schlumberger
Schlumberger is the world's leading oilfield services company supplying technology, project management and information solutions that optimize performance for customers working in the oil and gas industry. The company employs more than 52,000 people of over 140 nationalities working in more than 80 countries, and comprises two business segments.

Schlumberger supplies a wide range of products and services from formation evaluation through directional drilling, well cementing and stimulation, well completions and productivity to consulting, software, information management and IT infrastructure services that support core industry operational processes. WesternGeco, jointly owned with Baker Hughes, is the world's largest seismic company and provides advanced acquisition and data processing services.

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