\n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n Three Months Ended<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n Mar. 31, 2021<\/b><\/p>\n<\/td>\n | | \n\n \nDec. 31, 2020\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nMar. 31, 2020\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n Sequential<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nYear-on-year\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n Revenue by Division<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDigital & Integration\n<\/p>\n<\/td>\n | | \n\n $773 <\/b><\/p>\n<\/td>\n | | \n\n \n$833\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$885\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-13%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReservoir Performance*\n<\/p>\n<\/td>\n | | \n\n 1,002 <\/b><\/p>\n<\/td>\n | | \n\n \n1,247\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,969\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -20%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-49%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nWell Construction\n<\/p>\n<\/td>\n | | \n\n 1,935 <\/b><\/p>\n<\/td>\n | | \n\n \n1,866\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,815\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-31%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProduction Systems**\n<\/p>\n<\/td>\n | | \n\n 1,590 <\/b><\/p>\n<\/td>\n | | \n\n \n1,649\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,912\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -4%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-17%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther\n<\/p>\n<\/td>\n | | \n\n (77)<\/b><\/p>\n<\/td>\n | | \n\n \n(63)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(126)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n $5,223 <\/b><\/p>\n<\/td>\n | | \n\n \n$5,532\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$7,455\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-30%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n Pretax Operating Income by Division<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDigital & Integration\n<\/p>\n<\/td>\n | | \n\n $247 <\/b><\/p>\n<\/td>\n | | \n\n \n$270\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$151\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -8%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n63%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReservoir Performance\n<\/p>\n<\/td>\n | | \n\n 102 <\/b><\/p>\n<\/td>\n | | \n\n \n95\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n134\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 8%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-24%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nWell Construction\n<\/p>\n<\/td>\n | | \n\n 209 <\/b><\/p>\n<\/td>\n | | \n\n \n183\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n331\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 15%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-37%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProduction Systems\n<\/p>\n<\/td>\n | | \n\n 138 <\/b><\/p>\n<\/td>\n | | \n\n \n155\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n191\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -11%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-27%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther\n<\/p>\n<\/td>\n | | \n\n (32)<\/b><\/p>\n<\/td>\n | | \n\n \n(49)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(31)\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n $664 <\/b><\/p>\n<\/td>\n | | \n\n \n$654\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$776\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 1%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-14%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n Pretax Operating Margin by Division<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nDigital & Integration\n<\/p>\n<\/td>\n | | \n\n 32.0%<\/b><\/p>\n<\/td>\n | | \n\n \n32.4%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n17.1%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -37 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,490 bps\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nReservoir Performance\n<\/p>\n<\/td>\n | | \n\n 10.2%<\/b><\/p>\n<\/td>\n | | \n\n \n7.6%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n6.8%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 261 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n341 bps\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nWell Construction\n<\/p>\n<\/td>\n | | \n\n 10.8%<\/b><\/p>\n<\/td>\n | | \n\n \n9.8%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11.8%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 103 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-95 bps\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nProduction Systems\n<\/p>\n<\/td>\n | | \n\n 8.7%<\/b><\/p>\n<\/td>\n | | \n\n \n9.4%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n10.0%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -71 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-127 bps\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther\n<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nn\/m\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n 12.7%<\/b><\/p>\n<\/td>\n | | \n\n \n11.8%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n10.4%\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 88 bps<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n230 bps\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n \n*During the fourth quarter of 2020, Schlumberger divested its OneStim pressure pumping business in North America. This business generated revenue of $274 million during the fourth quarter of 2020 and $601 million during the first quarter of 2020. Excluding the impact of this divestiture, first-quarter 2021 revenue increased 3% sequentially and declined 27% year-on-year.\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n**During the fourth quarter of 2020, Schlumberger divested its low-flow artificial lift business in North America. This business generated revenue of $11 million during the fourth quarter of 2020 and $58 million during the first quarter of 2020. Excluding the impact of this divestiture, first-quarter 2021 revenue declined 3% sequentially and 14% year-on-year.\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nn\/m = not meaningful\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nSchlumberger CEO Olivier Le Peuch commented, \u201cWe started the year with conviction in our strategic direction and our resulting outlook for 2021. The combination of the promising first-quarter results and an increasingly constructive macroeconomic view are strengthening this conviction. With recovery sentiment improving and the execution of our returns-focused strategy progressing well, I am extremely proud of the women and men of Schlumberger for delivering yet another solid quarter.\n<\/p>\n \n\u201cFirst-quarter revenue declined 6% sequentially, reflecting the expected reduction in North America following divestitures during the fourth quarter of last year that were focused on the high-grading and rationalizing of our business portfolio to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of these divestitures, our global revenue was essentially flat sequentially as the impact of seasonally lower activity in the Northern Hemisphere was fully offset by growth in multiple countries. Notwithstanding the effects of seasonality, the first quarter affirmed the activity recovery that commenced last quarter.\n<\/p>\n \n\u201cIn North America, excluding the effects of divestitures, revenue grew 10% sequentially driven by land revenue which increased 24% due to higher drilling activity, despite the Texas freeze. Offshore revenue declined 10% sequentially following the seasonal fourth-quarter year-end product sales.\n<\/p>\n \n\u201cInternational revenue in the quarter reflects the usual seasonal dip, though China and Russia experienced a particularly severe winter. However, the sequential revenue decline was less pronounced than in prior years due to strong growth in Latin America and in several key countries in the Middle East and Africa. The first-quarter revenue sequential decline was the shallowest since 2008, while international rig count experienced the strongest first-quarter sequential growth since 2011, affirming the international recovery.\n<\/p>\n \n\u201cFirst-quarter revenue was also characterized by growth in Well Construction and Reservoir Performance, excluding the effects of divestitures and despite seasonality in the Northern Hemisphere. Well Construction revenue increased 4% sequentially due to higher drilling activity in North America and Latin America. Reservoir Performance decreased 20% due to the OneStim\u00ae<\/sup> divesture in North America\u2014but excluding this, the Division grew by 3% driven by robust international land and offshore activity. Digital & Integration revenue decreased 7% sequentially due to seasonally lower sales of software and multiclient seismic data licenses. Production Systems revenue declined 4%, mostly due to lower product sales following the strong year-end sales of the previous quarter.\n<\/p>\n\n\u201cSequentially, despite the revenue decline, first-quarter pretax segment operating income increased 1%. Pretax segment operating income margin expanded by 88 bps to 13% while EBITDA margin was maintained at 20%. These margins represent a more than 200 basis-point improvement compared to the first quarter of 2020 despite a 30% revenue decline year-on-year. This performance represents a promising start to our margin expansion ambition this year and highlights the impact of our capital stewardship and cost-out measures, which provide us with significant operating leverage.\n<\/p>\n \n\u201cFirst-quarter cash flow from operations was $429 million and free cash flow was $159 million despite severance payments of $112 million and typical first-quarter consumption of working capital. We are pleased with the cash flow performance this quarter and expect cash flow to grow further throughout the year, allowing for net debt reduction.\n<\/p>\n \n\u201cLooking ahead, we continue to be encouraged by constructive macroeconomic drivers. While the world is still grappling with COVID-19 infection rates, vaccination programs and fiscal stimulus packages are expected to support a rebound of economic activity and oil demand recovery through the year. Industry analysis estimates 5\u20136 million bbl\/d of oil demand will be added by the end of the year as demand recovery is projected to improve in the second quarter, exiting the year just 2 million bbl\/d short of 2019 levels.\n<\/p>\n \n\u201cWith the gradual return of oil demand, we anticipate North America activity to level off at production maintenance levels, while international activity is poised to ramp up through year-end 2021 and beyond. We expect to significantly benefit from this anticipated shift to increased international activity due to the strength and breadth of our international franchise. Consequently, we are increasingly confident that our international revenue will see double-digit growth in the second half of 2021 as compared to the same period last year, which implies potential upside to the already robust growth that is anticipated in 2022 and beyond.\n<\/p>\n \n\u201cThere is an increasingly positive sentiment in the industry outlook as the recovery strengthens despite the lingering concerns regarding the COVID-19 crisis. The strategic pivot we initiated two years ago has proven effective and positions us to outperform in this vastly different landscape that presents new imperatives and opportunities that play to our strengths.\n<\/p>\n \n\u201cBuilding on the strength of our Well Construction and Reservoir Performance Divisions, we are accelerating our digital offerings, positioning the company to lead in the production and recovery market, and building our New Energy portfolio to embrace the energy transition\u2014all fully aligned with our customers. A new growth cycle has finally commenced, and we are prepared to deliver growth and returns that outperform the market.\u201d\n<\/p>\n Other Events<\/b><\/p>\n \nOn April 22, 2021, Schlumberger\u2019s Board of Directors approved a quarterly cash dividend of $0.125 per share of outstanding common stock, payable on July 8, 2021 to stockholders of record on June 2, 2021.\n<\/p>\n Revenue* by Geographical Area<\/b><\/p>\n\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n(Stated in millions)\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n Three Months Ended<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n Change<\/b><\/p>\n<\/td>\n<\/tr>\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n Mar. 31, 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nDec. 31, 2020\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nMar. 31, 2020\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n Sequential<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nYear-on-year\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNorth America*\n<\/p>\n<\/td>\n | | \n\n $972 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$1,167\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$2,180\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -17%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-55%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nLatin America\n<\/p>\n<\/td>\n | | \n\n 1,038 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n969\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,046\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n 7%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-1%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nEurope\/CIS\/Africa\n<\/p>\n<\/td>\n | | \n\n 1,256 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,366\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,752\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -8%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-28%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nMiddle East & Asia\n<\/p>\n<\/td>\n | | \n\n 1,917 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,008\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,427\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -5%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-21%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nOther\n<\/p>\n<\/td>\n | | \n\n 40 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n22\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n50\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n n\/m<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n $5,223 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$5,532\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$7,455\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -6%<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n-30%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nInternational\n<\/p>\n<\/td>\n | | \n\n $4,211 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$4,343\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$5,225\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -3%<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-19%\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nNorth America*\n<\/p>\n<\/td>\n | | \n\n $972 <\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$1,167\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n$2,180\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n -17%<\/b><\/p>\n<\/td>\n | \u00a0<\/td>\n | \n \n-55%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n \n*During the fourth quarter of 2020, Schlumberger divested of certain businesses in North America. These businesses generated revenue of $285 million during the fourth quarter of 2020 and $659 million during the first quarter of 2020.\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nExcluding the impact of these divestitures, worldwide first-quarter 2021 revenue was essentially flat sequentially and declined 23% year-on-year. North America first-quarter 2021 revenue, excluding the impact of these divestitures, increased 10% sequentially and declined 36% year-on-year.\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nn\/m = not meaningful\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nCertain prior period amounts have been reclassified to conform to the current period presentation.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n North America<\/b><\/p>\n North America <\/b>revenue of $972 million decreased 17% sequentially following divestitures that were focused on the high-grading and rationalizing of our business portfolio to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of the fourth-quarter divestitures, first-quarter revenue grew 10% sequentially with land revenue growing 24% due to higher Well Construction drilling activity and increased Asset Performance Solutions (APS) project revenue. Offshore revenue declined 10% sequentially due to reduced sales of subsea production systems and multiclient seismic data licenses.\n<\/p>\n International<\/b><\/p>\n International <\/b>revenue had the usual seasonal dip, particularly in China and Russia, which experienced a severe winter. The sequential revenue decline was less pronounced than in prior years because of offsets from strong revenue growth in Latin America and in several key countries in the Middle East and Africa. The international revenue decrease was the shallowest first-quarter revenue decline since 2008 and international rig count experienced the strongest first-quarter sequential growth since 2011.\n<\/p>\n \nRevenue in Latin America<\/b> of $1.0 billion increased 7% sequentially due to higher sales of production systems in Brazil, increased intervention and stimulation activity in Argentina, and higher well construction drilling activity in Ecuador. Mexico revenue was modestly higher sequentially, as stronger drilling activity was offset by reduced sales of multiclient seismic data licenses.\n<\/p>\n Europe\/CIS\/Africa<\/b> revenue of $1.3 billion decreased 8% sequentially mainly due to the seasonal winter drilling slowdown in Russia & Central Asia. Excluding the effects of seasonality, activity increased across most Divisions, particularly in Scandinavia and Africa.\n<\/p>\n \nRevenue in the Middle East & Asia <\/b>of $1.9 billion decreased 5% sequentially due to seasonally lower winter activity in China and a decline in offshore drilling in Australia due to the cyclone season. Additionally, there were lower sales of production systems in India. These revenue declines were partially offset by robust activity growth in Saudi Arabia and Qatar.\n<\/p>\n Results by Division<\/b><\/p>\n Digital & Integration<\/b><\/p>\n\n\n| \n \n\u00a0\n<\/p>\n<\/td>\n | | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \n | \nMar. 31, 2021<\/b><\/td>\n | | \nDec. 31, 2020<\/td>\n | | \nMar. 31, 2020<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | | \n\n $610<\/b><\/p>\n<\/td>\n | | \n\n \n$689\n<\/p>\n<\/td>\n | | \n\n \n$731\n<\/p>\n<\/td>\n | | \n\n -11%<\/b><\/p>\n<\/td>\n | | \n\n \n-17%\n<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | | \n\n 161<\/b><\/p>\n<\/td>\n | | \n\n \n142\n<\/p>\n<\/td>\n | | \n\n \n152\n<\/p>\n<\/td>\n | | \n\n 14%<\/b><\/p>\n<\/td>\n | | \n\n \n6%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | | \n\n 2<\/b><\/p>\n<\/td>\n | | \n\n \n2\n<\/p>\n<\/td>\n | | \n\n \n2\n<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n\n $773<\/b><\/p>\n<\/td>\n | | \n\n \n$833\n<\/p>\n<\/td>\n | | \n\n \n$885\n<\/p>\n<\/td>\n | | \n\n -7%<\/b><\/p>\n<\/td>\n | | \n\n \n-13%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | | \n\n $247<\/b><\/p>\n<\/td>\n | | \n\n \n$270\n<\/p>\n<\/td>\n | | \n\n \n$151\n<\/p>\n<\/td>\n | | \n\n -8%<\/b><\/p>\n<\/td>\n | | \n\n \n63%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | | \n\n 32.0%<\/b><\/p>\n<\/td>\n | | \n\n \n32.4%\n<\/p>\n<\/td>\n | | \n\n \n17.1%\n<\/p>\n<\/td>\n | | \n\n -37 bps<\/b><\/p>\n<\/td>\n | | \n\n \n1,490 bps\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\nDigital & Integration revenue of $773 million decreased 7% sequentially due to seasonally lower sales of digital solutions, software, and multiclient seismic data licenses.\n<\/p>\n \nDigital & Integration pretax operating margin of 32% was essentially flat sequentially. Despite the revenue decline, operating margin was maintained as the effects of digital solutions and multiclient revenue declines were largely offset by improved profitability from APS projects.\n<\/p>\n Reservoir Performance<\/b><\/p>\n\n\n | \n | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \n | \nMar. 31, 2021<\/b><\/td>\n | | \nDec. 31, 2020<\/td>\n | | \nMar. 31, 2020<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | | \n\n $922<\/b><\/p>\n<\/td>\n | | \n\n \n$906\n<\/p>\n<\/td>\n | | \n\n \n$1,249\n<\/p>\n<\/td>\n | | \n\n 2%<\/b><\/p>\n<\/td>\n | | \n\n \n-26%\n<\/p>\n<\/td>\n<\/tr>\n | \n| North America*<\/td>\n | | \n\n 78<\/b><\/p>\n<\/td>\n | | \n\n \n339\n<\/p>\n<\/td>\n | | \n\n \n718\n<\/p>\n<\/td>\n | | \n\n -77%<\/b><\/p>\n<\/td>\n | | \n\n \n-89%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | | \n\n 2<\/b><\/p>\n<\/td>\n | | \n\n \n2\n<\/p>\n<\/td>\n | | \n\n \n2\n<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n\n $1,002<\/b><\/p>\n<\/td>\n | | \n\n \n$1,247\n<\/p>\n<\/td>\n | | \n\n \n$1,969\n<\/p>\n<\/td>\n | | \n\n -20%<\/b><\/p>\n<\/td>\n | | \n\n \n-49%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | | \n\n $102<\/b><\/p>\n<\/td>\n | | \n\n \n$95\n<\/p>\n<\/td>\n | | \n\n \n$134\n<\/p>\n<\/td>\n | | \n\n 8%<\/b><\/p>\n<\/td>\n | | \n\n \n-24%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | | \n\n 10.2%<\/b><\/p>\n<\/td>\n | | \n\n \n7.6%\n<\/p>\n<\/td>\n | | \n\n \n6.8%\n<\/p>\n<\/td>\n | | \n\n 261 bps<\/b><\/p>\n<\/td>\n | | \n\n \n341 bps\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n \n*During the fourth quarter of 2020, Schlumberger divested its OneStim pressure pumping business in North America. This business generated revenue of $274 million during the fourth quarter of 2020 and $601 million during the first quarter of 2020. Excluding the impact of this divestiture, first-quarter 2021 revenue increased 3% sequentially and declined 27% year-on-year.\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nn\/m = not meaningful\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nReservoir Performance revenue of $1.0 billion declined 20% sequentially. The revenue decline reflected the divestiture that was focused on the high-grading and rationalizing of our business portfolio in North America to expand our margins, minimize earnings volatility, and focus on less capital-intensive businesses. Excluding the impact of the OneStim divestiture, revenue grew 3% sequentially despite the impact of seasonally lower activity in Russia and China. Revenue increased from higher activity in Latin America, North America, Sub-Sahara Africa, and the Middle East.\n<\/p>\n \nReservoir Performance pretax operating margin of 10% expanded 261 bps sequentially. Profitability was boosted by the divestiture of the OneStim business, which was previously dilutive to margins.\n<\/p>\n Well Construction <\/b><\/p>\n\n\n | \n | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \n | \nMar. 31, 2021<\/b><\/td>\n | | \nDec. 31, 2020<\/td>\n | | \nMar. 31, 2020<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | | \n\n $1,577<\/b><\/p>\n<\/td>\n | | \n\n \n$1,568\n<\/p>\n<\/td>\n | | \n\n \n$2,124\n<\/p>\n<\/td>\n | | \n\n 1%<\/b><\/p>\n<\/td>\n | | \n\n \n-26%\n<\/p>\n<\/td>\n<\/tr>\n | \n| North America<\/td>\n | | \n\n 310<\/b><\/p>\n<\/td>\n | | \n\n \n252\n<\/p>\n<\/td>\n | | \n\n \n635\n<\/p>\n<\/td>\n | | \n\n 23%<\/b><\/p>\n<\/td>\n | | \n\n \n-51%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | | \n\n 48<\/b><\/p>\n<\/td>\n | | \n\n \n46\n<\/p>\n<\/td>\n | | \n\n \n56\n<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n\n $1,935<\/b><\/p>\n<\/td>\n | | \n\n \n$1,866\n<\/p>\n<\/td>\n | | \n\n \n$2,815\n<\/p>\n<\/td>\n | | \n\n 4%<\/b><\/p>\n<\/td>\n | | \n\n \n-31%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | | \n\n $209<\/b><\/p>\n<\/td>\n | | \n\n \n$183\n<\/p>\n<\/td>\n | | \n\n \n$331\n<\/p>\n<\/td>\n | | \n\n 15%<\/b><\/p>\n<\/td>\n | | \n\n \n-37%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | | \n\n 10.8%<\/b><\/p>\n<\/td>\n | | \n\n \n9.8%\n<\/p>\n<\/td>\n | | \n\n \n11.8%\n<\/p>\n<\/td>\n | | \n\n 103 bps<\/b><\/p>\n<\/td>\n | | \n\n \n-95 bps\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| n\/m = not meaningful<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\nWell Construction revenue of $1.9 billion increased 4% sequentially. The revenue increase was due to robust activity in North America land. Revenue growth in Latin America and the Middle East, mainly in Qatar, Saudi Arabia, Iraq, and Oman, has more than offset the seasonal slowdown in drilling activity in Russia & Central Asia, China, and Australia.\n<\/p>\n \nSequentially, Well Construction pretax operating margin of 11% improved by 103 bps, mainly in North America, due to higher drilling activity on land while international margin was essentially flat.\n<\/p>\n Production Systems <\/b><\/p>\n\n\n | \n | \n(Stated in millions)<\/td>\n<\/tr>\n | \n | \n | \nThree Months Ended<\/b><\/td>\n | | \nChange<\/b><\/td>\n<\/tr>\n\n | \n | \nMar. 31, 2021<\/b><\/td>\n | | \nDec. 31, 2020<\/td>\n | | \nMar. 31, 2020<\/td>\n | | \nSequential<\/b><\/td>\n | | \nYear-on-year<\/td>\n<\/tr>\n | \n| Revenue<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| International<\/td>\n | | \n\n $1,161<\/b><\/p>\n<\/td>\n | | \n\n \n$1,215\n<\/p>\n<\/td>\n | | \n\n \n$1,203\n<\/p>\n<\/td>\n | | \n\n -4%<\/b><\/p>\n<\/td>\n | | \n\n \n-3%\n<\/p>\n<\/td>\n<\/tr>\n | \n| North America*<\/td>\n | | \n\n 420<\/b><\/p>\n<\/td>\n | | \n\n \n433\n<\/p>\n<\/td>\n | | \n\n \n690\n<\/p>\n<\/td>\n | | \n\n -3%<\/b><\/p>\n<\/td>\n | | \n\n \n-39%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Other<\/td>\n | | \n\n 9<\/b><\/p>\n<\/td>\n | | \n\n \n1\n<\/p>\n<\/td>\n | | \n\n \n19\n<\/p>\n<\/td>\n | | \n\n n\/m<\/b><\/p>\n<\/td>\n | | \n\n \nn\/m\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n\n $1,590<\/b><\/p>\n<\/td>\n | | \n\n \n$1,649\n<\/p>\n<\/td>\n | | \n\n \n$1,912\n<\/p>\n<\/td>\n | | \n\n -4%<\/b><\/p>\n<\/td>\n | | \n\n \n-17%\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating income<\/td>\n | | \n\n $138<\/b><\/p>\n<\/td>\n | | \n\n \n$155\n<\/p>\n<\/td>\n | | \n\n \n$191\n<\/p>\n<\/td>\n | | \n\n -11%<\/b><\/p>\n<\/td>\n | | \n\n \n-27%\n<\/p>\n<\/td>\n<\/tr>\n | \n| Pretax operating margin<\/td>\n | | \n\n 8.7%<\/b><\/p>\n<\/td>\n | | \n\n \n9.4%\n<\/p>\n<\/td>\n | | \n\n \n10.0%\n<\/p>\n<\/td>\n | | \n\n -71 bps<\/b><\/p>\n<\/td>\n | | \n\n \n-127 bps\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\n| \n \n*During the fourth quarter of 2020, Schlumberger divested its low-flow artificial lift business in North America. This business generated revenue of $11 million during the fourth quarter of 2020 and $58 million during the first quarter of 2020. Excluding the impact of this divestiture, first-quarter 2021 revenue declined 3% sequentially and 14% year-on-year.\n<\/p>\n<\/td>\n<\/tr>\n | \n| \n \nn\/m = not meaningful\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nProduction Systems revenue of $1.6 billion decreased 4% sequentially. The revenue decrease was across North America offshore, Europe\/CIS\/Africa, and Asia, partially offset by strong activity in Latin America\u2014mainly in Brazil and Argentina\u2014and the Middle East, mostly in Saudi Arabia and Qatar. Lower production system sales were posted in subsea, well production, and surface while midstream production systems grew sequentially in Latin America, North America land, and the Middle East.\n<\/p>\n \nDespite the revenue decline, pretax operating margin only decreased 71 basis points to 9%, as a result of cost measures as well as improved profitability in midstream production systems due to higher activity.\n<\/p>\n Quarterly Highlights<\/b><\/p>\n \nSchlumberger continues to harness the power of the cloud to enable a step change in customer productivity and performance\u2014through our digital platforms and the application of artificial intelligence (AI) and internet of things (IoT) solutions to create new insights from data and optimize operations. During the quarter:\n<\/p>\n \n- \nSchlumberger and Equinor announced a strategic project, in collaboration with Microsoft\u00ae<\/sup>, to deploy the DELFI* cognitive E&P environment with seamless integration to the OSDU\u2122<\/sup> Data Platform\u2014the industry\u2019s new data standard. This is the first major deployment of the OSDU Data Platform, which will streamline strategy planning for Equinor. This project aims to accelerate Equinor\u2019s ability to integrate data at scale and improve decision-making, and it will be embedded as a key part of Equinor\u2019s Microsoft Azure enterprise-wide data platform.\n<\/li>\n<\/ul>\n
\n- \nIn Mexico, Schlumberger is collaborating with Pemex, using a new digital workflow that can accelerate the time from prospect lead to drilling by at least 30%, transforming the prospect maturation process currently used in the industry. Enabled by the DELFI environment, the workflow\u2014called prospect-focused imaging\u2014is helping Pemex more quickly generate value from its assets in the challenging Gulf of Mexico Campeche Basin by identifying and de-risking exploration opportunities in weeks rather than months. This acceleration is achieved through the DELFI environment, which enables a remote, multidisciplinary team to work in parallel rather than sequence, iterating seismic imaging and exploration knowledge to adjust an earth model in real time.\n<\/li>\n<\/ul>\n
\n- \nIn Russia, Schlumberger and Yandex.Cloud announced an industry-first collaboration to deploy the DELFI environment hosted on Yandex.Cloud, the first use of the cloud for the conventional upstream domain in Russia. The deployment includes AI and data solutions to accelerate the digital transformation of energy companies and elevate performance across the industry.\n<\/li>\n<\/ul>\n
\n- \nIn one of the largest assets in Ecuador, Agora* edge AI and IoT solutions were leveraged to deliver an 18% increase in production uptime while reducing the carbon footprint of artificial lift surveillance operations. The application of digitally enabled well surveillance and artificial lift optimization workflows in more than 100 wells resulted in a 36% reduction of CO2<\/sub> equivalent emissions due to reduced trips to the field. Agora solutions enabled digital surveillance of electric submersible pumps and suction rod pumps within a remote well-operation platform that covers the entire asset. Agora solutions are providing an opportunity for operators to achieve a step change in production uptime while reducing the cost and carbon footprint of operations.\n<\/li>\n<\/ul>\n
\nAround the world, our differentiated operational execution continues to resonate with customers and is being acknowledged through new contract awards. Awards in the quarter include:\n<\/p>\n \n- \nIn Africa, Tullow Oil plc awarded Schlumberger a four-year contract, valued at more than USD 100 million, for combined drilling services offshore Ghana. The comprehensive services contract targets an accelerated drilling restart early in the second quarter of 2021, and includes the full Well Construction Division portfolio, as well as adjacent services from the Reservoir Performance and Digital & Integration Divisions. The contract incorporates a new, performance-based element\u2014the first such contract model deployed in Ghana\u2014aligning Schlumberger and Tullow to collaborate toward additional performance improvements as Tullow unlocks more value from its world-class deepwater assets.\n<\/li>\n<\/ul>\n
\n- \nIn South America, Total awarded Schlumberger a contract for services across multiple Divisions for a 4- to 10-well deepwater appraisal and exploration campaign in Block 58 offshore Suriname. The campaign commenced in February 2021 following discoveries in the block during 2020, for which Schlumberger delivered the majority of the Well Construction services.\n<\/li>\n<\/ul>\n
\n- \nIn the Middle East, Qatargas awarded Schlumberger a five-year contract for three stimulation vessels in the giant Qatar North Field, with an optional five-year extension. OpenPath Reach* extended-contact stimulation service and MaxCO3<\/sub> Acid* degradable diversion acid system are key differentiating technologies included in the award that were selected to improve stimulation efficiency.\n<\/li>\n<\/ul>\n
\n- \nIn addition, Qatargas awarded Schlumberger a five-year contract for intervention services in the North Field Expansion project. This Reservoir Performance award features a unique fit-for-basin technology with an advanced perforation deployment system that conveys multiple services with ACTive* real-time downhole coiled tubing services. The new design eliminates multiple rig ups and rig downs, reducing health, safety, and environmental exposure and saving up to three days of rig operations per well.\n<\/li>\n<\/ul>\n
\nFor more than a century, Schlumberger has developed and deployed innovative technology. Our technology solutions continue to enhance customer performance, support basin competitiveness, maximize asset value, and reduce carbon footprint.\n<\/p>\n \nIn North America land, Schlumberger fit-for-basin Well Construction technology and execution is enabling customer outperformance across multiple basins as the recovery unfolds:\n<\/p>\n \n- \nIn the DJ Basin, Schlumberger Well Construction technology enabled Great Western Petroleum to drill the longest footage in the 8.5-in section covering 21,630 ft of vertical, curve, and lateral in a single run, using a bottomhole assembly (BHA) comprising all Schlumberger technology\u2014including NeoSteer* at-bit-steerable system and a drill bit from Smith Bits, a Schlumberger company.\n<\/li>\n<\/ul>\n
\n- \nIn the Delaware Basin, Schlumberger Well Construction technology enabled an operator to drill a curve and lateral totaling nearly 24,500 ft in a single run. One BHA comprising all Schlumberger technology\u2014including PowerDrive Orbit G2* rotary steerable system and the xBolt G2* accelerated drilling service as a fit-for-basin solution\u2014remotely drilled the 6.75-in curve and lateral in 6.5 days with Performance Live* digitally connected service. Drilling efficiency saved the operator an average of 5 days of rig time per well and as much as 12 days of rig time on an individual well.\n<\/li>\n<\/ul>\n
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