Accenture Plans to Acquire Schlumberger's Consulting Unit

Global consulting firm Accenture is set to acquire Schlumberger Business Consulting (SBC), the management consulting arm of oilfield giant Schlumberger Ltd.

Dublin-based Accenture plans to buy the SBC, which employs 250 consultants from nine offices across the globe. SBC was founded in 2004 and provides consulting services in strategy; operations; people and transformation; capital projects and mergers and acquisitions.

This acquisition will allow Accenture to widen its capabilities to help major exploration and production companies remain competitive and grow, which is especially important considering the tough time many E&P companies have had during the current downturn.

“The upstream oil and gas sector is undergoing a fundamental transformation, partly driven by oil price volatility, but also by increased regulation and technology advances,” Jean-Marc Ollagnier, group chief executive of Accenture’s Resources operating group, said in a release. “Energy companies are also under pressure to improve internal performance in delivering large capital projects, reduce production costs and extend into new areas, including renewables.”

Ollagnier added that the acquisition will enhance Accenture’s capabilities in “helping clients navigate these challenges with a combination of business, digital and technology knowhow.”

Arthur Hanna, managing director, who leads Accenture’s energy strategy business said in a statement that Accenture plans for all 250 SBC employees to become Accenture employees and anticipated “minimal need for employees to relocate between cities or regions as part of this acquisition.”

Terms of the SBC acquisition are undisclosed as completion of the acquisition is subject to regulatory approval. However, Accenture completed its acquisition of London-based EnergyQuote JHA, an energy management and procurement services provider August 18, less than 30 days after initially announcing the acquisition July 21.

Valerie is an experienced writer and editor dedicated to providing useful and relevant career news about the oil and gas industry. Email Valerie at


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Valerie Jones
Editor, Careers | Rigzone
 -  Statoil Exec: Effective Leaders Should... (Mar 24)
 -  Recruiter Check-In: What's Happening i... (Mar 22)
 -  Enbridge Cutting 1,000 Jobs in US and ... (Mar 22)
 -  BLOG: Ask the Careers Editor Series to... (Mar 21)
 -  Semco Maritime Inks Deal with Maersk O... (Mar 17)

Most Popular Articles

From the Career Center
Jobs that may interest you
Sales Manager - Safety Relief Valves
Expertise: Business Development|Sales
Location: Houston, TX
EXPEDITOR - Client Representative / Third Party
Expertise: Client Representative|Document Control|QA / QC / Inspection
Location: Jacksonville, FL
Administrative Assistant
Expertise: Secretarial or Administrative
Location: Moab, UT
search for more jobs

Brent Crude Oil : $51.33/BBL 1.14%
Light Crude Oil : $48.37/BBL 1.34%
Natural Gas : $3.1/MMBtu 1.63%
Updated in last 24 hours