OXX 5.26% 3.6¢ octanex limited

More good Ophir info from Schlumberger

  1. 196 Posts.
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    I came across this recent information in http://www.military-technologies.net/2017/12/14/schlumberger-announces-third-quarter-2017-results/

    "Reservoir Characterization Group performance was enhanced by Integrated Services Management (ISM) operations, where specially trained project managers provide scheduling, planning, and activity coordination for the Schlumberger product lines involved in a project."

    "Offshore Malaysia, ISM provided a significant contribution to Ophir Production Sdn Bhd’s successful delivery of three horizontal development wells in a highly complex offshore reservoir system that resulted in a 35% reduction in cost and a 20% reduction in drilling and completion days compared with the plan. Key enabling technologies included Drilling & Measurements GeoSphere* reservoir mapping-while-drilling-service, EcoScope*† multifunction logging-while-drilling service, proVISION* nuclear magnetic resonance service as well as Geoservices Drilling Analyst services. This combination of technologies and services also contributed to a new drilling record of more than 1,000 m per day in a 12 1/4-in hole."

    The good results from the Ophir development keep on coming. What does all this mean in terms of the bottom line? We will have to wait for the quarterly reports.
 
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