[ + Watch Now + ]

Mobile Security Industry News

TMCNet:  Schlumberger Announces Agreement to Acquire SPT Group

[March 22, 2012]

Schlumberger Announces Agreement to Acquire SPT Group

(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 22 March 2012 Release date- 20032012 - LONDON - Schlumberger announced today that it has entered into an agreement with Altor Fund II to acquire SPT Group-a privately owned software company specialized in dynamic modeling for the oil and gas industry.


The company provides a combination of software and consulting services for multiphase flow and reservoir engineering applications. Closing is subject to customary regulatory approvals.

'The dynamic modeling and reservoir optimization software of SPT Group will complement the existing Schlumberger production software portfolio,' said Tony Bowman, President, Schlumberger Information Solutions (SIS). 'In combination with the Petrel E&P software platform and other SIS technologies, this will enable customers to further optimize production from reservoir performance to processing facilities.' 'This is a great testament to our employees and a remarkable opportunity for the company,' commented Tom Even Mortensen, Chief Executive Officer of SPT Group. He continued, 'Combining the skills, abilities, presence and technologies of the two companies will further increase the scale of our activities and enable continued delivery of products and services with the quality and pace the market demands.' SPT Group Chairman and Altor Partner Reynir Indahl added, 'We are proud to have developed a very successful company together with SPT Group management, and believe that Schlumberger will be a great home for SPT and its employees.' SPT Group, founded in 1971, is headquartered in Norway and employs approximately 280 people in 11 countries worldwide. The company is a leader in dynamic modeling of multiphase flow and reservoir optimization through renowned software products and a global team of professional consultants. SPT Group has invested more than most comparable firms in developing cutting-edge technology. The company's employees, global presence, close ties to industry research environments, and clear focus on customer needs have been important factors in its success.

About Schlumberger Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing more than 113,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.

Schlumberger Limited has principal offices in Paris, Houston and The Hague, and reported revenues of $39.54 billion in 2011.

For more information, visit www.slb.com Contact: Malcolm Theobald Vice President Investor Relations Tel: +1 713 375 3535 Stephen Whittaker Director Corporate Communications Tel: + 33 1 4062 1330 Email: swhittaker@slb.com [Editorial queries for this story should be sent to newswire@enpublishing.co.uk] ((Comments on this story may be sent to info@enpublishing.co.uk)) (c) 2012 Electronic News Publishing -

[ Back To Mobile Security Homepage's Homepage ]

Follow Us

  • Mobile Security - LinkedIn
  • Mobile Security - Youtube
  • Mobile Security - Facebook
  • Mobile Security - Twitter
  • Mobile Security - RSS Feed

Request a Demo

Weekly Demonstration: SAP Mobile Secure
Solution including SAP Afaria Cloud

Free 30-day Trial

Best MDM in the cloud. Best MDM
Analytics. Best MDM price.

Featured Whitepapers

What Is Your Mobile Content Policy? A Checklist for Content Risk Mitigation
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

SAP Enterprise Mobility: Bringing a Cohesive Approach to a Complex Market
Mobility and consumerization are creating complexity in the enterprise, but embracing the change can lead to more productive mobile workers as well as better communications with employees, partners, customers, and consumers. The trends in the enterprise mobility landscape drive a need for technology solutions to emerge.

Featured Datasheets

Securing Enterprise Mobility for Greater Competitive Advantage
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

Secure Mobile Content Management for the Enterprise
Every day employees move business files onto their mobile devices so they can work at home, on the road, or at client sites. The mobile workforce is a reality, as 80% of employees say they need to access work documents from outside the office.1 Instead of insecure, consumer-based tools, enterprises need a safe, reliable platform for managing content on mobile devices.

Featured Webinar

Mobile Security - Mobile Drives Field Service Productivity at Satellites Unlimited

Mobile Drives Field Service Productivity at Satellites Unlimited
Field service has never been more competitive or faster changing than it is today. Going mobile is a must to stay ahead of the competition, provide improved services, and keep up with ever-increasing customer expectations.

Featured Webcast

Mobile Security - End to End Mobility Requirements: IDC and SAP explore the 3rd Platform

End to End Mobility Requirements: IDC and SAP explore the 3rd Platform
A new IDC study states that we're in the midst of a shift that takes place once every 20 - 25 years - introducing a new technology platform that will inspire growth and innovation for enterprises of all sizes. IDC calls it the 3rd Platform - built on mobile devices and apps, cloud services, mobile broadband networks, "Big Data", analytics, and social technologies.

Featured On-Demand Webinar

Mobile Security - Analyst Webcast: Secure Content Management in a Mobile Age

Analyst Webcast: Secure Content Management in a Mobile Age
Securing and managing content is taking on new importance as organizations try to cope with the explosion of business-oriented file sharing services while at the same time taking advantage of the proliferation of "smart" mobile devices.

Featured Infographics

Featured Press Releases