SHELL AND SCHLUMBERGER ALLIANCE FOR RESEARCH AND DEVELOPMENT OF SMART FIELDS HYDROCARBON DEVELOPMENT SOLUTIONS

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SHELL AND SCHLUMBERGER ALLIANCE FOR RESEARCH AND DEVELOPMENT OF SMART FIELDS HYDROCARBON DEVELOPMENT SOLUTIONS
26 July 2004 - Schlumberger

Shell International Exploration and Production BV and Schlumberger Information Solutions (SIS) announced today the establishment of an alliance for research and development of next generation Smart Fields hydrocarbon development solutions. A joint team will focus on developing real-time workflows to connect people, processes and technology involved with field development operational processes. Specifically, the alliance project will focus on the creation of new hydrocarbon development solutions that integrate the shared earth model with real-time production and drilling information in a risk-based distributed decision framework.

A joint team will focus on developing real-time workflows to connect people, processes and technology involved with field development operational processes. Specifically, the alliance project will focus on the creation of new hydrocarbon development solutions that integrate the shared earth model with real-time production and drilling information in a risk-based distributed decision framework.

'The goal of the alliance is to create next generation business processes and enabling technologies that deliver radical improvements to oil & gas field development,' said John Darley, director technology of Shell Exploration and Production. 'This initiative is in line with our broader strategy of collaborating with external partners to accelerate the take-up of new technologies by the industry. By combining enabling technologies from Shell and partner organizations, we aim to accelerate the development of a range of commercially viable platforms, toolkits and resulting Smart Fields solutions.'

Smart Fields will bring simple intuitive operational data access to decision makers, providing them with probabilistic and predictive insights that enable the alignment of operational performance with business objectives throughout the organization.

'This alliance will combine the extensive knowledge and experience of Shell and Schlumberger to address business and operational processes,' said Peter Goode, president, SIS. 'Through this process we will be able to develop real-time, ienabled solutions that improve the field development process and an operator's ability to drill better wells, produce more oil and gas, and increase reserves.'
The new systems will enable information to be captured, analyzed and proactively used to enhance business performance through predictive risk-based decision-making.

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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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