As the primary technical service providers, oilfield service companies focus on the research and development of applied technologies, equipment and materials and play an increasingly important role in the scientific and technological innovation as well as the technological advance of the oil and gas industry. Schlumberger, the bellwether in the oilfield service industry, has paid high attention to the roles of people and technologies in corporate development, has insisted on huge amounts of R&D investment and cleverly chose favored market segments, grasped markets actively by strong scientific and technological forces, and created maximum value for its shareholders through scientific and technological innovation. Beginning with the research and engineering transformation program in 2007, Schlumberger steadily implemented the scientific and technological innovation development strategy, optimized R&D organizational structure and project process management, facilitating connotative scientific and technological innovation by speeding up means, expanded the network of innovation to reach epitaxial scientific and technological innovation, and stimulated the employee to realize total innovation. Chinese oilfield service companies should learn from the experiences of Schlumberger, including trying to put talented people first, focusing on strategic needs, and expanding their opening and cooperation.
International Petroleum Economics
oilfield service industry
oil engineering technology service
scientific and technological innovation