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Schlumberger acquires ThruBit

Schlumberger, a supplier of technology, integrated project management and information solutions for the oil and gas industry, has announced the acquisition of ThruBit, a Shell Technology Ventures Fund portfolio company.

Formed in 2005, Houston-based ThruBit has more than 110 staff, and operates in Texas, Oklahoma and Colorado.

Daniel Palmer, manager, marketing and technology, at Schlumberger Wireline, said:  “The addition of ThruBit to our portfolio brings new oppor-tunities for our clients to more efficiently evaluate horizontal wells and optimise completion designs, using the smallest-diameter, high-specification formation evaluation technology currently in the industry.”

According to Schlumberger, ThruBit services have been run on some of the longest horizontal operations in North America, and in difficult hole conditions when it was impossible to acquire normal wireline logs. It said its unique technology allows slim formation evaluation logging tools to be used efficiently through the drill string out of the drill bit into open hole in memory mode, acquiring critical data in unconventional reservoirs with minimal rig time.

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