Schlumberger Acquires Integrated Production Solution Firm -- Baker Jardine and Associates.Business & Energy Editors/High-Tech Writers HOUSTON--(BUSINESS WIRE)--April 11, 2001 Combined offering brings oil and gas industry a full range of simulation, optimization and management tools to enhance each stage of the production system model GeoQuest, an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Schlumberger Oilfield Services Schlumberger Oilfield Services, a division of Schlumberger Limited, is the world’s largest supplier of exploration and production (E&P) services, solutions and technology to the international petroleum industry. , and London-based petroleum engineering firm, Baker Jardine and Associates (BJA Noun 1. BJA - the bureau in the Department of Justice that assists local criminal justice systems to reduce or prevent crime and violence and drug abuse Bureau of Justice Assistance ), today announced the acquisition of BJA by GeoQuest. BJA is a leading provider of software tools, IT consulting and integrated solutions focused on increasing oil and gas production. "As a result of this agreement, our clients will be able to achieve a new level of production engineering," said Satish Pai, president of Schlumberger Oil and Gas Information Solutions. "Our combined offering provides clients with surface network simulation In computer network research, network simulation is a technique where a program models the behavior of a network either by calculating the interaction between the different network entities (hosts/routers, data links, packets, etc) using mathematical formulas, or actually capturing , production optimization, and system management capabilities to enhance each stage of the production engineering process. We now offer the industry's most technically advanced and integrated production A farming system that produces high quality food and other products by using natural resources and regulating mechanisms to replace polluting inputs and to secure sustainable farming. solution from a single source." Increasing production from an existing field requires significant capital investment. The Baker Jardine acquisition offers Schlumberger clients the ability to optimize their oil and gas production while markedly increasing their return on these capital expenditures. Alan Baker Alan Baker (born on August 19 1939) is an English mathematician. He was born in London. He is known for his work on effective methods in number theory, in particular those arising from transcendence theory. He was awarded the Fields Medal in 1970, at age 31. , managing director of Baker Jardine, explained, "With the ability to diagnose individual wells, analyze production constraints and optimize production flow, our clients have been able to extract three to 15 per cent more oil from their existing wells. Now our clients will also gain access to Schlumberger's global service infrastructure; benefit from an ongoing commitment to world-class research and development; and see further integration with leading products such as Finder(a), ECLIPSE(b), OFM OFM abbr. Order of Friars Minor (b) and Peep(c)." About the Organizations Baker Jardine and Associates (BJA) provides software, services and integrated solutions to oil and gas production companies worldwide. Formed in 1986, BJA has made a significant investment in understanding the workflow process for production systems from the reservoir, completion, well and surface infrastructure to the delivery point. With some 500 client sites, BJA customers include Shell, BP, Exxon, PDVSA PDVSA Petroleos De Venezuela, SA , Pemex, Texaco and Saudi Aramco. Their PIPESIM(d) and ProdMan(d) products are supported by offices in London, Houston, Calgary, Mexico and Venezuela. GeoQuest, an operating unit of Schlumberger Oilfield Services, is the E&P industry leader for the supply of integrated software systems and data management solutions to assist petroleum companies in optimizing the value of their oil and gas reservoirs. Schlumberger Oilfield Services, a business segment of Schlumberger Limited (NYSE NYSE See: New York Stock Exchange :SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ), is the leading supplier of services and technology to the international petroleum industry and operates offices, service locations, and research and development facilities around the world. Schlumberger is a global leader in technical services spanning the oil and gas, utility, semiconductor, smart card, network and Internet solutions industries. Schlumberger revenue was $9.61 billion in 2000. Schlumberger is on the Internet at http://www.slb.com. (a) Registered trademark of Schlumberger (b) Mark of Schlumberger (c) Mark of Merak (d) Mark of Baker Jardine For information about Baker Jardine, visit http://www.bakerjardine.com For information about Schlumberger GeoQuest, visit http://www.geoquest.com For information about Schlumberger Ltd., visit http://www.slb.com |
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