Profile

SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft (SBO) is the global market leader in high-precision components made of high-alloy steel and a leading supplier of key components for the oilfield service industry. The business focus is on non-magnetic drillstring components and high-tech downhole tools for drilling and completing directional and horizontal wells.

Vertical wells often allow depletion of only a fraction of the oil and gas from a reservoir. State-of-theart directional drilling is applied to penetrate oil and gas fields that previously were undiscovered or inaccessible and to increase the recovery rate. SBO is a supplier of key components therefore: MWD (Measurement While Drilling) and LWD (Logging While Drilling) components made of nonmagnetic, corrosion-resistant stainless steel and high-precision drilling tools for efficient directional drillstring drive.

Efficiency enhancements seen in recent years were due also to growing technologisation in the well completion sector. Well completion is the step that follows drilling and prepares the well for oil and gas production. SBO has expanded its operations to this market by acquiring Resource Well Completion Technologies Inc. (Resource) in November 2014. The acquisition of Downhole Technology LLC (Downhole Technology), at the beginning of the second quarter of 2016, enabled SBO to successfully advance the establishment of this business. Developing oil and gas fields is becoming increasingly demanding. State-of-the-art directional drilling and completion technologies will continue to play a key role in covering growing global demand for energy. SBO has been preparing thoroughly by establishing the well completion business and pursuing research and development (R&D) activities.

SBO is represented at all major hubs of the oilfield service industry worldwide and follows its customers as their partner when they move to new regions around the globe. In 2016, SBO extended its network by establishing sales companies in Saudi Arabia and Mexico.

As a leader in terms of quality and technology, SBO counts both, the major oilfield service companies, and also many exploration and production companies, among its customers and has set the market benchmark in the relevant business sectors over many years. The basis of SBO's lasting and successful business performance is a close interaction between leadership in technology, quality and innovation, and a market-oriented growth strategy, high productivity and flexibility as well as a long-term strategic investment policy.