With the death of the transformation can this new strategy deliver and will we ever get paid by these bankrupt Latin American companies?
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This is a good post, yes it seems the one of the aspects is to sell our services to internal project managers who then give away these services to NOC for lower than they can achieve on their own. Therefore we are under-pricing the market despite PK aspirations to increasing pricing. We should increase prices to everyone internal and external.
The segment get left with lower prices to an internal supplier and two clients then complaining to them, ie SLB Project Manager (more on them....) and the actual client.
SLB Project Managers only know how to escalate problems and do not understand basics, or rules of thumb and are not interested in solutions.
Finally the IOC does not actually pay for all this fiasco, leaving PK naming (escalating again) to the stock market his problems.
Don't expect ethics from oil service. If they screw you then screw them bavk much much worse.
Being a manager just means you have more to loose when they can you. And sooner or later they WILL can you, probably a month before retirement.
I am still with a job thanks to schlumberger business initiatives like this one that you miss and one day I will be a manager
Thus speaks an utter moron. Oil will not rise for 10 years or more. There is far too much you blue blood half wit and your chance of getting a job post redundancy is Wal-Mart zilch.😂
all the oil companies in latin america are now seeking to do business with schlumberger using this business model. We are the clear leaders now in that market and when the oil price picks up again we will be generating so much profits the competitors will be crying for missing the boat. Well done schlumberger for taking such a brave initiative and securing our futures
This conduct is disgraceful and the product of poor upbringing.
finanancing your clients to buy your services is a scam and I am surprised to see this happening in schlumberger that has normally been rigorous with ethics
This is the view of one unknown manager it would appear however I can absolutely guarantee SLB is concerned about being paid and those Latin companies will feel the wrath of schlumberger when we stop working for them and their oil revenue go down. If they don't pay we shut them down
So, there's the answer. If Slb don't care if they get paid then there's no sense in complaining if work is done for nothing.
We need these big integrated services contract with the Latin companies so we the management team can get our revenue bonus. It doesnt matter if they don't pay because what counts is the top line ng growth and keeping the CEO happy and thinking that his strategy is working even if we have to buy the revenue to show the growth who cares as credit is cheap these days and we will all be in new jobs and other geomarkets by the time the shareholders figure this out
Wish SLB would divest Smith Tool so that we could continue our manufacturing of the best bits in the world and not be governed by foreign nationals. Many loyal and industrious workers being cast aside for a false goal of global sourcing. Would you buy a Chinese or Indian car?
Schlumberger have been doing business in Latin America for over 80 years and they know how things get done down there. This sounds much more like desperation from upper management to "show" that clients want to buy the big integrated services strategy given all the money spent on acquisitions. Nobody likes to admit a failure but this strategy is not working out (anybody will buy your products if you don't have to pay for them) and now given the failure the latest strategy is even worse and is to compete with their clients and invest in field development with other oil and gas companies which can only lead to disaster. Perhaps its time to get back to basics and start divesting the acquisitions and focus on what the clients really want rather than the glass tower out of touch strategies from an executive team thats truly lost touch with their client base
When you do business in non-western countries you have to understand that different conventions apply. The principles we have in the west probably won't apply and you need to manage your strategy for dealing with corruption, theft, cultural differences, religious conventions etc, etc. How you do this will test your suitability to manage outside of your comfort zone. It would seem to me that the management for this particular operation didn't do their homework properly and were ill-prepared. A lot more savour-faire is needed.