"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.
OXX Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held