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WesternGeco
WesternGeco is a geophysical services company. It is headquartered in Schlumberger House on the property of London Gatwick Airport in Crawley, West Sussex, in Greater London. __NOTOC__ Background The company provides reservoir imaging, monitoring, and development services. The company, a business segment of Schlumberger, offers 3D and time-lapse seismic surveys, electromagnetic surveys, and multicomponent surveys for delineating prospects and reservoir management. It also provides geophysical, land and transition-zone acquisition, marine acquisition, electromagnetics, and data processing and reservoir seismic services. The company was formed by the merger in 2000 of two of the world's largest seismic contractors, Western Geophysical (founded in 1933) and Geco-Prakla. Schlumberger, owners of Geco-Prakla paid cash to Baker Hughes, which then owned Western, for a 70% stake in a joint venture of the combined companies. In May 2006, Schlumberger bought out Baker Hughes' 30% stake fo ...
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London Gatwick Airport
Gatwick Airport (), also known as London Gatwick , is a major international airport near Crawley, West Sussex, England, south of Central London. In 2021, Gatwick was the third-busiest airport by total passenger traffic in the UK, after Heathrow and Stansted airports, and was the 36th-busiest in Europe by total passenger traffic. It covers a total area of . Gatwick opened as an aerodrome in the late 1920s; it has been in use for commercial flights since 1933. The airport has two terminals, the North Terminal and the South Terminal, which cover areas of and respectively. It operates as a single-runway airport, using a main runway with a length of . A secondary runway is available but, due to its proximity to the main runway, can only be used if the main runway is not in use. In 2018, 46.1 million passengers passed through the airport, a 1.1% increase compared with 2017. History The land on which Gatwick Airport stands was first developed as an aerodrome in the late ...
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Crawley, West Sussex
Crawley () is a large town and borough in West Sussex, England. It is south of London, north of Brighton and Hove, and north-east of the county town of Chichester. Crawley covers an area of and had a population of 106,597 at the time of the 2011 Census. The area has been inhabited since the Stone Age, and was a centre of ironworking in Roman times. Crawley developed slowly as a market town from the 13th century, serving the surrounding villages in the Weald. Its location on the main road from London to Brighton brought passing trade, which encouraged the development of coaching inns. A rail link to London opened in 1841. Gatwick Airport, nowadays one of Britain's busiest international airports, opened on the edge of the town in the 1940s, encouraging commercial and industrial growth. After the Second World War, the British Government planned to move large numbers of people and jobs out of London and into new towns around South East England. The New Towns Act 1946 designa ...
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Gatwick Airport
Gatwick Airport (), also known as London Gatwick , is a major international airport near Crawley, West Sussex, England, south of Central London. In 2021, Gatwick was the third-busiest airport by total passenger traffic in the UK, after Heathrow and Stansted airports, and was the 36th-busiest in Europe by total passenger traffic. It covers a total area of . Gatwick opened as an aerodrome in the late 1920s; it has been in use for commercial flights since 1933. The airport has two terminals, the North Terminal and the South Terminal, which cover areas of and respectively. It operates as a single-runway airport, using a main runway with a length of . A secondary runway is available but, due to its proximity to the main runway, can only be used if the main runway is not in use. In 2018, 46.1 million passengers passed through the airport, a 1.1% increase compared with 2017. History The land on which Gatwick Airport stands was first developed as an aerodrome in the la ...
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Crawley
Crawley () is a large town and borough in West Sussex, England. It is south of London, north of Brighton and Hove, and north-east of the county town of Chichester. Crawley covers an area of and had a population of 106,597 at the time of the 2011 Census. The area has been inhabited since the Stone Age, and was a centre of ironworking in Roman times. Crawley developed slowly as a market town from the 13th century, serving the surrounding villages in the Weald. Its location on the main road from London to Brighton brought passing trade, which encouraged the development of coaching inns. A rail link to London opened in 1841. Gatwick Airport, nowadays one of Britain's busiest international airports, opened on the edge of the town in the 1940s, encouraging commercial and industrial growth. After the Second World War, the British Government planned to move large numbers of people and jobs out of London and into new towns around South East England. The New Towns Act 1946 design ...
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Schlumberger
Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore drilling company. It is the biggest offshore drilling contractor (in terms of revenue) in the world. Schlumberger is incorporated in Willemstad, Curaçao as Schlumberger N.V. and trades on the New York Stock Exchange, Euronext Paris, the London Stock Exchange and SIX Swiss Exchange. Schlumberger is a Fortune Global 500 company, ranked 287 in 2016, and also listed in Forbes Global 2000, ranked 349 in 2022. History Schlumberger was founded in 1926 in Paris as the Electric Prospecting Company (french: Société de prospection électrique) by two brothers Conrad and Marcel Schlumberger from Alsace. Schlumberger supplies the petroleum industry with services such as seismic data processing, formation evaluation, well testing and directional drilling ...
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Western Geophysical
Western Geophysical was an international oil exploration company founded in California in 1933 by Henry Salvatori for the purpose of using reflection seismology to explore for petroleum. The company prospered and was sold by Salvatori to Litton Industries in 1960. In 1987, Litton and Dresser Industries formed a joint venture comprising Western and Dresser Atlas. The joint venture, Western Atlas, was spun off as a public company in 1994. Western then purchased Halliburton Geophysical Services, which had been formed from Geophysical Service Incorporated, Geosource and several other companies. In 1998, Western Atlas was acquired by Baker Hughes. In 2000, Western Geophysical became part of a joint venture between Baker Hughes and Schlumberger Schlumberger Limited (), doing business as SLB, is an oilfield services company. Schlumberger has four principal executive offices located in Paris, Houston, London, and The Hague. Schlumberger is the world's largest offshore d ...
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Baker Hughes
Baker Hughes Company, organized in Delaware and headquartered in Houston, is one of the world's largest oil field services companies. The company provides products and services for oil well drilling, formation evaluation, completion, production, and reservoir consulting. It operates in over 120 countries, with research and manufacturing facilities in Australia, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, Oklahoma, Louisiana and Missouri. From 2017 to 2020, the company was majority owned by General Electric (GE); however, GE no longer owns a material stake in the company. Divisions The company divides its organization into the following segments: * Oilfield Services - provides drilling, evaluation, completion, production, and intervention. * Oilfield Equipment - provides deepwater drilling equipment, subsea production systems, onshore wellheads, and related services. * Turbomachinery & Process Solutions - provides equipment and related services for ...
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Geco-Prakla
Geco (Geophysical Company of Norway) was a European geophysical service company specializing in seismic surveys for petroleum exploration. Starting operating in the North Sea from 1972, the company expanded to operate in most marine areas open for explorations, until Geco was incorporated into Geco-Prakla, with Schlumberger Limited as the solely owner from 1993. History The company started as Geoteam-Computas Ltd. A.S on December 13, 1972. The name was shortly afterwards changed to Geophysical Company of Norway, most commonly referred to as Geco. Anders Farestveit was the founder and the first CEO. The main focus was marine seismic surveys, including developing and equipping seismic vessels and conducting seismic surveys on customer requests. Geco was merged with the competing Norwegian geophysical company at that time, Statex (owned by Statoil and Kongsberg Våpenfabrikk) effective from January 1, 1978. Ownership after the merger was shared between Kongsberg Våpenfabrikk and ...
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British Companies Established In 2000
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, the English language as spoken and written in the United Kingdom or, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *''Brit(ish)'', a 2018 memoir by Afua Hirsch *People or things associated with: ** Great Britain, an island ** United Kingdom, a sovereign state ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) See also * Terminology of the British Isles * Alternative names for the British * English (other) * Britannic (other) * British Isles * Brit (other) * Briton (d ...
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Joint Ventures
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Oilfield Services Companies
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial terms, an o ...
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Business Services Companies Established In 2000
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated and e ...
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