STATOIL AND WESTERNGECO ESTABLISH INDUSTRY'S FIRST LONG-TERM RESERVOIR MONITORING PROGRAM

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STATOIL AND WESTERNGECO ESTABLISH INDUSTRY'S FIRST LONG-TERM RESERVOIR MONITORING PROGRAM
25 August 2004 - Schlumberger

WesternGeco announced today that it has signed an agreement with Statoil ASA for the industry's first long-term seismic reservoir monitoring program. Through this agreement, WesternGeco becomes Statoil's preferred contractor for time-lapse seismic surveys over the Norne and Heidrun fields in the Norwegian Sea for five- and six-year periods, respectively.

Future monitor surveys using Q-Technology on the Halten and Dønna Terrasse will follow the successful Q-on-Q surveys over the Norne field in 2001, 2003 and 2004, and the Heidrun field in 2001 and 2004.

For these surveys, all Q-Marine seismic acquisition parameters will be identical to the previous surveys, giving the best possible time-lapse (4D) survey results to detect fluid movement for reservoir management and production. Q-Marine active streamer steering allows accurate positioning of streamers for reliable repeat surveys.

'This long-term commitment by Statoil to our Q-Technology is a break-through agreement for our industry,' said Roar Bekker, manager, WesternGeco Europe. 'This agreement will enable both organizations to better plan for the surveys, which are crucial to Statoil's ongoing production of these fields.'

Q is the WesternGeco proprietary suite of advanced seismic technologies for enhanced reservoir location, description and management. For additional information on Q-Marine, the world's only fully calibrated, point-receiver marine seismic acquisition system, see www.westerngeco.com/content/services/q_technology

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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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