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Schlumberger in FIT takeover

Written by  OE Staff Monday, 16 November 2015 14:23

Schlumberger is at it again with another acquisition, this time of US-based Fluid Inclusion Technologies (FIT), which specializes in laboratory analysis of trapped fluids in rock material, and advanced borehole gas analysis on drilling wells.

The expanded rock and fluids services and technologies enable integrated workflows from Schlumberger field and laboratory services. For example, customers can bring cuttings or rock samples to the Schlumberger Reservoir Laboratory and obtain full analytical information supported by Schlumberger domain knowledge and expertise. Services include integrated studies covering the type and origin of rocks and hydrocarbons, and comprehensive understanding of reservoir heterogeneities and gradients. Through FIT, proprietary geochemical logging technology is being added to Schlumberger’s advanced mud gas logging portfolio.

FIT was established in 1997 and is based in Tulsa, Oklahoma. This is the second Schlumberger acquisition focused on petroleum geochemistry and integrated laboratory services. In 2013, Schlumberger acquired Gushor Inc. based in Canada. Schlumberger operates more than 20 rock and fluids analysis laboratories globally.

“FIT offers innovative and proprietary technologies that will further strengthen our ability to deliver integrated rock and fluids solutions to our customers,” said Amir Nessim, president, Testing Services, Schlumberger. “This acquisition is a natural extension of our comprehensive reservoir fluids and rocks services. Customers can expect even stronger one-stop-shop evaluation of rock and fluids from their developments, which we offer through our global network of Schlumberger Reservoir Laboratories.”

“As a Schlumberger company, we will be able to further the mainstream adoption of our product and service offering by leveraging Schlumberger technology and development expertise,” said Don Hall, FIT CEO.

In November, Schlumberger acquired Novatek, providing a new platform to improve drilling performance to its portfolio.

In August, Schlumberger entered into a US$14.8 billion stock and cash deal to acquire Cameron International.

Read more: 

Schlumberger acquires Novatek

Schlumberger to take Cameron for US$14.8 billion

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