Schlumberger to acquire SPT Group

Offshore staff

LONDON – Schlumberger has entered into an agreement with Altor Fund II to acquire SPT Group — a privately owned software company specialized in dynamic modeling for the oil and gas industry. The company provides a combination of software and consulting services for multiphase flow and reservoir engineering applications. Closing is subject to customary regulatory approvals.

Tony Bowman, president, Schlumberger Information Solutions, said: “The dynamic modeling and reservoir optimization software of SPT Group will complement the existing Schlumberger production software portfolio. In combination with the Petrel E&P software platform and other SIS technologies, this will enable customers to further optimize production from reservoir performance to processing facilities.”

3/21/2012

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