Schlumberger Business Consulting Welcomes New Board Members

Schlumberger Business Consulting, the management consulting arm of Schlumberger, announced the appointments of Dr. Adnan Shihab-Eldin and Mr. Claude Mandil to the Board of the SBC Energy Institute, a body of expertise founded to promote a broader understanding of today's key energy issues.

The SBC Energy Institute is a non-profit organization and a center of excellence for scientific and technological research for issues pertaining to the energy industry in the 21st century. It draws on the expertise of SBC consultants and Schlumberger technological know-how, and is overseen by a Scientific Committee comprising highly experienced individuals in the areas of natural and applied sciences, business, and petroleum engineering.

Dr. Shihab-Eldin is a former Acting Secretary General and Director of Research at the Organization of Petroleum Exporting Countries (OPEC), and is currently an Advisor to and Member of Kuwait National Nuclear Energy Committee (KNNEC) and Director General of the Kuwait Foundation for the Advancement of Sciences (KFAS). Mr. Mandil served for four years from 2003 as Executive Director of the Paris-based International Energy Agency (IEA), an intergovernmental organization that acts as energy policy advisor to the 28 member countries of the Organisation for Economic Co-operation and Development (OECD).

"I would like to extend a warm welcome and our gratitude to Dr. Shihab-Eldin and Mr. Mandil for bringing their extensive experience and expertise to the SBC Energy Institute. Based on sound scientific, technological, commercial, and industry expertise, the Institute's mission is to produce ideas and research that will have a true impact on how to tackle the multitude of challenges in providing sustainable energy solutions for this century and beyond. The energy sector is at a critical juncture – a transition phase that will require deep technological and commercial understanding in order to unlock new sources of supply, improve energy efficiency, employ renewable energy sources, and reduce environmental impacts. The SBC Energy Institute, by leveraging Schlumberger's technology expertise and SBC's global network of energy leaders, is at the forefront of helping to find solutions to today's energy transition challenges," said Antoine Rostand, SBC's Global Managing Director.

Dr. Shihab-Eldin commented, "There is much uncertainty in the energy markets due to the lack of informed research based on actual data. It is vital to have a clear understanding of supply and demand situations before we can set priorities and press ahead with the right investment decisions at the right time. SBC can plug some of the gaps in obtaining data both from its knowledge base and its global network. The Institute is designed to be an independent scientific body, it does not represent consumers, producers or industry, that is an important factor in getting the major stakeholders to collaborate."

Mr. Mandil added, "The biggest challenge for the energy industry globally is investment and technology. Huge investments will be necessary if we are to supply energy to those who need it without jeopardizing the environment and climate change, and Schlumberger is a leader in energy technology issues. I am also delighted to join the SBC Energy Institute because it is aimed at sharing the views and knowledge of scientists and technicians with a wider audience. I am concerned that many of the challenges ahead are not widely understood by politicians, the media and the public, and it is imperative that the industry gets support from all corners if we are to overcome the hurdles ahead."

Where appropriate, the SBC Energy Institute welcomes collaboration with other organizations and educational institutions to produce insightful research targeted for key decision makers. Since inception, the SBC Energy Institute has worked with Climate Interactive, a research and development network of scientists, academics and businesses, which is building computer simulations to visualize the long-term climate impact from today's policy decisions. The simulation models were originally developed at Massachusetts Institute of Technology (MIT). The SBC Energy Institute also has collaborated with the Oxford Institute of Energy Studies on a study exploring the potential for development of unconventional gas resources in Europe.

Dr. Shihab-Eldin and Mr. Mandil are joined by Kamel Bennaceur, Chief Economist for Schlumberger, and Antoine Rostand, SBC's Global Managing Director, on the Board of the SBC Energy Institute.


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