Thread regarding Schlumberger Ltd. layoffs

Layoffs not good but a sign of market conditions

Folks. Most of us have been here before. Many of us have been through more than one round of redundancies over the years. The market is extremely tough and will remain so for probably the next 3 year’s minimum.im no fan of slb or their tactics with regards redundancies or indeed their preferential treatment of certain individuals but this is what you signed up for. Know your gin number and not your name.... that is what a company the size of slb expects. Lots of very good people are now gone and a lot more to come. No one is “safe” regardless of visa, slp grading etc. If you have been furloughed then expect to be let go. It’s a bitter pill to swallow for most be unavoidable tbh. I wish all employees the best of luck but to be blunt you need to expect that in the current climate management will look after their own and it’s a lottery for just about everyone else. I guess there is no going back from this situation. There will be a reduced workforce indefinitely and indeed many of you will never work offshore again. I praise almost all slb employees I have ever worked with. The vast majority have worked very hard over the years but are now getting sh– on from a large height. Stay safe, evaluate your positions and decide what you CAN DO next. Life doesn’t revolve around slb, even though it’s hard sometimes to see nothing else.

Cheers

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| 2711 views | | 5 replies (last June 17, 2020) | Reply
Post ID: @OP+15u6BeWK

5 replies (most recent on top)

Wait....so SLP3 grades don’t mean anything? I’m shocked

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Post ID: @2bfx+15u6BeWK

OP, what was the point of this post? You literally offered no useful information or insight. Just like to hear yourself talk?

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Post ID: @1ttm+15u6BeWK

offshore in NAM is loss making venture unless oil is above $50

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Post ID: @1kws+15u6BeWK

Thank you, sir! But i beg to differ, before the end of my brief stint at Subsea Company X, I was working on flowlines for a platform that was able to bring its BOE down to $35 or less. Thats very competitive if not better than snake (shale) oil.

"Offshore is expensive to drill in. Not sure if he’s referring specifically to NAM, but in NAM there’s like...12 active rigs right now. That’s it. Safe to say offshore is pretty much dead until oil goes above $80/barrel again."

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Post ID: @1cty+15u6BeWK

Offshore is expensive to drill in. Not sure if he’s referring specifically to NAM, but in NAM there’s like...12 active rigs right now. That’s it. Safe to say offshore is pretty much dead until oil goes above $80/barrel again.

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Post ID: @1yff+15u6BeWK

Why not work offshore again? U mean overseas? Or at sea? Elaborate. Thanks

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Post ID: @uot+15u6BeWK

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