Oil Patch Bits: Schlumberger acquires Techsia

Schlumberger said May 20 that it has acquired the shares of Techsia SA, a supplier of petrophysical software based in Montpellier, France. Techsia, well-known in the industry for its flagship techlog product, will become Schlumberger Petrophysics Software Center for Excellence for the development of state-of-the-art solutions for the oil and gas exploration and production industry.

“Techlog will form a powerful complement to the industry-leading petrel earth model through an integrated approach to log and core petrophysical interpretation. This will be particularly valuable in enabling real-time workflows for well construction. In addition, once operating in the ocean environment, Techlog will feature the same level of open-platform capability as the rest of our new-generation products,” said Tony Bowman, president of Schlumberger Information Solutions.

Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.