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  5. Schlumberger Acquires PetroMarker AS

M&A Deal Summary

Schlumberger Acquires PetroMarker AS

On October 5, 2007, Schlumberger acquired electrical equipment company PetroMarker AS

Acquisition Highlights
  • This is Schlumberger’s 2nd transaction in the Electrical Equipment sector.
  • This is Schlumberger’s 2nd transaction in Norway.

M&A Deal Summary
Date 2007-10-05
Target PetroMarker AS
Sector Electrical Equipment
Buyer(s) Schlumberger
Deal Type Add-on Acquisition

Target

PetroMarker AS

Stavanger, Norway
PetroMarker’s theoretical and technological developments are complemented by a wealth of Norwegian and international experts in the electromagnetic field, some of them with more than 25 years of experience. PetroMarker’s office is based in Stavanger, at the Dusavik Norsea offshore base.

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Buyer(S) 1

Buyer

Schlumberger

Houston, Texas, United States
Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 36.3B USD (2024)
DESCRIPTION
Schlumberger office in Houston, Texas.
Schlumberger office in Houston, Texas.

Schlumberger is an oilfield services company. Schlumberger offers technology, integrated project management and information solutions to customers working in the oil and gas industry. Schlumberger was formed in 1926 and is based in Houston, Texas.

DEAL STATS #
Overall 16 of 48
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 13 of 38
Country: Norway M&A 2 of 5
Year: 2007 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-11 InnerLogix

Houston, Texas, United States

InnerLogix, the market leader in data quality management for the exploration and production (E&P) industry. InnerLogix, with 20 employees, has offices in Houston and Stavanger, Norway.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-29 Optimal Pressure Drilling Services

Calgary, Canada

Optimal Pressure Drilling Services, Inc. provides underbalanced drilling ("UBD") services and managed pressure drilling ("MPD") services to the worldwide upstream oil and gas industry.

Buy -
Mergr

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