M&A Deal Summary

Schlumberger Acquires TerraTek

On July 5, 2006, Schlumberger acquired energy services and equipment company TerraTek

Acquisition Highlights
  • This is Schlumberger’s 4th transaction in the Energy Services and Equipment sector.
  • This is Schlumberger’s 5th transaction in the United States.
  • This is Schlumberger’s 1st transaction in Utah.

M&A Deal Summary
Date 2006-07-05
Target TerraTek
Sector Energy Services and Equipment
Buyer(s) Schlumberger
Deal Type Add-on Acquisition

Target

TerraTek

Salt Lake City, Utah, United States
TerraTek, Inc., a global leader in geomechanics measurements and analysis. TerraTek, with 80 people in the Salt Lake City office, will become the Geomechanics Laboratory Center of Excellence for Schlumberger Data & Consulting Services.

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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 33.1B USD (2023)
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 10 of 48
Sector (Energy Services and Equipment) 4 of 24
Type (Add-on Acquisition) 7 of 38
State (Utah) 1 of 1
Country (United States) 5 of 18
Year (2006) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-28 Quorum Volume Management

United States

Quorum Volume Management (QVM) software. QVM is a comprehensive, field operations data management application with multiple proven heavy oil volume management installations in North America and a large scale brownfield installation in Asia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-29 Reslink AS

Algard, Norway

Downhole equipment used in open hole completed wells.

Buy -
Mergr

Product

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