Schlumberger Snaps Up France-Based Techsia
Schlumberger announced today that it has acquired the shares of Techsia SA, a supplier of petrophysical software based in Montpellier, France. Techsia, well-known in the industry for its flagship Techlog© product, will become the Schlumberger Petrophysics Software Center of Excellence for the development of state-of-the-art solutions for the oil and gas exploration and production industry.
"Techlog will form a powerful complement to the industry-leading Petrel earth model through an integrated approach to log and core petrophysical interpretation. This will be particularly valuable in enabling real-time workflows for well construction. In addition, once operating in the Ocean environment, Techlog will feature the same level of open-platform capability as the rest of our new-generation products," said Tony Bowman, president of Schlumberger Information Solutions.
Stephanie Gottlib-Zeh, founder, president and chief executive officer of Techsia, added, "We see this move by Schlumberger as recognition of the high-quality software developed by Techsia. Accessing the Schlumberger global sales and business development organization will directly allow Techlog© to achieve greater market penetration and accelerate the realization of integrated workflows from the wellbore to the reservoir to change the game for reservoir management. I am convinced that the cultural fit between Techsia and Schlumberger will foster increasing innovation and create further opportunities."
Techsia, currently employing 53 people, will continue to operate under its own name. Future product development will benefit from collaboration with a number of Schlumberger research and development centers that offer knowledge and expertise in geomechanics, well placement, production logging and fluid characterization. In addition, the introduction of the Techsia Malcom© solution for the chromatographic analysis of fluid samples will be enhanced by the global reach of Schlumberger.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea