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Category: ArtificialLift

Pumping, Artificial Lift and Drilling Drive Schlumberger's North American Land Business

September 16, 2014 Posted by Chris Wysong

The worlds largest oilfield services company is making an aggressive push to gain market share in the fast growing U.S. market. In this article, Trefis takes a look at some of the key product lines that are driving Schlumbergers growth in the U.S. and the broader North American market. Pumping, Artificial Lift and Drilling Drive Schlumbergers North American Land Business By: Trefis Team Upstream activity in the U.S. onshore market has been strong this year, driven by reasonably attractive commodity prices and increasing activity in the countrys key shale basins. Exploration and production spending in the U.S. is expected to grow by around 9.3% this year to about $300 billion, while the onshore well count is expected to rise by around 5%. While Schlumberger (NYSE:SLB), the worlds largest oilfield services company, has typically focused on international markets (which account for about two-thirds of its revenue), it has been making an aggressive push to gain market share in the fast

Posted in Oil, PressurePumping, ArtificialLift
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