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This statistic highlights Schlumberger’s Backlog Worldwide from Q1 2016 onwards, split between the Drilling System and OneSubsea on a quarterly basis.
Schlumberger recognizes revenue when transferring control of promised products or services to customers at a reasonable price. The overwhelming majority of Schlumberger’s services and merchandise offerings are short-term in nature. The time between invoicing and when payment is due under these arrangements is typically between 30 to 60 days.
|Schlumberger’s Backlog Worldwide||Q3 2019||Q2 2020||Q3 2020||Contribution in Q3 2020|
(All figures are in billions, except percentage)
A drilling system is a system that drills wells, such as oil or water wells, on the earth’s surface. Drilling rigs can be massive structures having equipment used to drill oil wells or natural gas extraction wells, or they can be small enough to be moved manually by one person called augers.
OneSubsea is a company, headquartered in Texas, United States. The company supplies and manages the oil and gas market.
Schlumberger’s Backlog Worldwide increases by YOY and QOQ basis. Earlier in Q3 2019 company holds a backlog of $24 billion while in next year Q3 2020 it jumps to $25 billion showing an increase of 4.17%. The company’s drilling system’s business show backlog holding by 16% only while the rest of the backlog is coming from OneSubsea business is 84%.
However, there is a rise in quarterly business revenue also, in Q3 2019 drilling systems business hold $5 billion while next year shows a fall of 20% that changes the figure to $4 billion in Q3 2021, for OneSubsea business. Every year Drilling systems business holds around 15% of the backlog other hand rest is held by the OneSubsea business which is 0f 85%.
The company shows immense up and down in backlog worldwide in the drilling systems business. In the 2019 company holds a total of $5 billion in Q3 2019, while in the year Q3 2020 it rises to $4 billion. This shows there 20% fall in revenue in this segment of the company.
The company shows immense up and down in backlog worldwide in the drilling systems business. Earlier in 2019 company holds a total of $19 billion in Q3 2019, while in the year Q3 2020 it rises to $21 billion. This shows there 10.53% rise in revenue in this segment of the company.
About the company
Schlumberger Limited is an oilfield services company. Schlumberger employees represent quite 140 nationalities working in additional than 120 countries. Schlumberger has four principal executive offices located in Paris, Houston, London, and thus The Hague.
Schlumberger was founded and incorporated in Willemstad in 1926. It has its established headquarters in Houston in the United States of America and trades on the New York Stock Exchange , Euronext Paris, the London stock exchange , and 6 Swiss Exchange. Schlumberger could also be a Fortune Global 500 company, ranked 287 in 2016, and also listed in Forbes Global 2000, ranked 176 in 2016.
Schlumberger was founded in 1926 by two brothers Conrad and Marcel Schlumberger from the Alsace region in France thanks to the electrical Prospecting Company. This company also recorded its first-ever electrical resistivity well log in Merkwiller-Pechelbronn, France in 1927. Today, Schlumberger supplies the petroleum industry with services like seismic processing, formation evaluation, well testing and directional drilling, well cementing and stimulation, artificial lift, well completions, flow assurance and consulting, and software and knowledge management. the company is additionally involved within the groundwater extraction and carbon capture and storage industries.
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