COILED TUBING COMPENSATION SYSTEM FOR DEEPWATER OPERATIONS IS INTRODUCED

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COILED TUBING COMPENSATION SYSTEM FOR DEEPWATER OPERATIONS IS INTRODUCED
11 June 2004 - Schlumberger

WesternGeco announced today that Saudi Aramco has awarded WesternGeco the contract to acquire surveys over two fields in Saudi Arabia with its suite of Q-Land seismic acquisition and processing services. The project is scheduled to begin in June and is expected to be completed within six months.

'We chose WesternGeco Q-Technology because of the potential to enhance imaging, increase bandwidth and solve near-surface static and noise problems,' said Khalid A. Al-Falih, Saudi Aramco vice president of exploration. 'The pilot project with Q-Technology will complement our current assessment methods.'

Q-Technology utilizes the most advanced fully digital technology to provide the highest resolution seismic data for hydrocarbon exploration, development and production.

'These pilot surveys will help Saudi Aramco evaluate the effectiveness of this new technology and assess its potential to resolve current challenges in the region,' said Salem Elsayed, WesternGeco Middle East manager. 'WesternGeco is pleased that Saudi Aramco has selected Q-Technology to help manage its most important assets.'

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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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