Schlumberger Announced Results of Year and Work Implemented in Azerbaijan
The trans-national Company Schlumberger Limited reported 2006 operating revenue as $19.23 billion versus $14.31 billion in 2005, Trend reports with reference to the statement of the Company. Fourth-quarter operating revenue of $5.35 billion was 8% higher than the $4.95 billion in the third quarter of 2006, and 33% higher than the $4.02 billion in the fourth quarter of 2005. In Azerbaijan, Schlumberger Completions FIV* Formation Isolation Valve that was installed in a well in the Azeri-Chirag-Guneshli complex for BP was activated more than 515 days after installation. The tool was installed during initial completion operations using a semi-submersible rig.