The world's largest oilfield services provider,
Schlumberger Limited ( SLB )
has launched an instrumented wire line intervention service,
ReSOLVE. The service will monitor and reduce intervention cost
through control over wireline-workover operations.
This new service will provide real-time measurement and control in
a small footprint and its downhole intelligence will allow
customers to see intervention operations in details. This new
technology will also perform more difficult operations such as
selective sleeve shifting or safety valve performance
The system includes a high-force linear actuator, a universal
shifting tool (UST), a hydraulic setting tool and a milling tool.
The actuator can perform fishing operations while monitoring force
and displacement. The UST can selectively shift devices, even below
The plug and packer tool functions hydraulically without the
need of explosives. The mining tool removes scale and other
obstructions from wellbore tubulars.
Houston, Texas-based Schlumberger Limited is a leading oilfield
services company, providing technology, project management and
information services to the global oil and gas industry.
We believe Schlumberger will benefit in the next several quarters
from its strong product and services portfolio. Its second quarter
experienced numerous vital new technology introductions and
Schlumberger expects this to increase through the second half of
2013 and next year.
Hence, a rise in the pricing of seismic and high seismic vessel
utilization and a continuous shift towards performance-based
contracts as well as the new alliance with Petrofac bode well for
the company's future growth in margins and market share.
HALLIBURTON CO (HAL): Free Stock Analysis
SCHLUMBERGER LT (SLB): Free Stock Analysis
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Schlumberger, which ranks ahead of Halliburton
Company ( HAL ) as the biggest member of the oilfield
services contingent, holds a Zacks #3 Rank, which is equivalent to
a Hold rating for a period of one to three months. Longer term, we
maintain a Neutral recommendation on the stock.