Schlumberger U-turn on Sema acquisition

Schlumberger has admitted defeat in its grand scheme for IT synergy.

Schlumberger is to sell the bulk of its Sema IT consulting unit to Atos Origin in a deal worth approximately $1.5 billion. Schlumberger acquired Sema early in 2001 for $5 billion (see Oil ITJ Vol. 6 N° 2). Schlumberger will retain a number of non-oil and gas specific Sema businesses which are scheduled for divestiture or IPO.


Additionally, Schlumberger will retain the activity of IT Services for the oil and gas industry. Schlumberger chairman and CEO Andrew Gould said, “Key amongst the techniques required to enhance hydrocarbon recovery will be the information technologies that enable real-time reservoir description, monitoring and management. Schlumberger has the fundamental IT knowledge needed and will address these opportunities through the expanded SIS unit that is part of Schlumberger Oilfield Services. The activities of this unit include technical consulting, information management and Exploration & Production (E&P) software augmented by E&P business process optimization and secure worldwide connectivity from sub-surface to desktop.”


Subsequent to the acquisition, Peter Goode has been named president of Schlumberger Information Solutions, replacing Ihab Toma who is now heading up the reconstructed consultancy business.


The deal was sweetened with the award to Atos of a substantial, multi-year outsourcing contract for the management of Schlumberger’s IT.

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