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Fairly good FT arti­cle on SLB which I’m pass­ing on but won’t comment ;-)

<block­quote cite=”

http://www.ft.com/cms/s/0/a2499aa6-5d9b-11dd-8129-000077b07658.html“>

Andrew Gould is qui­etly becom­ing one of the most pow­er­ful men in the oil indus­try, so much so that he feels com­pelled to reas­sure the world’s biggest energy groups that he has no inten­tion of mak­ing them redun­dant. “We do not, can­not and would not replace what oil com­pa­nies do with things we can’t do,” says the chief exec­u­tive of Schlum­berger, the world’s largest oil ser­vices group, in a rare interview.

Yet the list of things Schlum­berger can­not do has shrunk so dra­mat­i­cally that many national oil com­pa­nies (NOCs) can now forgo the costly and polit­i­cally tricky step of form­ing part­ner­ships with inter­na­tional oil com­pa­nies to tap their own oil­fields. For the likes of Exxon­Mo­bil, BP and Royal Dutch Shell, that means los­ing the most lucra­tive part of their busi­ness – the part they have relied on to achieve growth in pro­duc­tion, rev­enue and reserves for much of their existence.

Source: FT.com / Com­ment & analy­sis / Analy­sis – Nation­als’ cham­pion: How the energy-rich rely on Schlumberger