Schlumberger Acquires Geomechanics Firm

Thursday, May 10, 2007
Schlumberger acquired V.I.P.S., a U.K.-based reservoir geomechanics software and consulting company. The company’s office in Bracknell, UK, now becomes the Schlumberger Reservoir Geomechanics Center of Excellence under the direction of V.I.P.S. founder Nick Koutsabeloulis. The center will undertake high-tier projects and develop the reservoir-centric aspects of the geomechanics-related activities of Schlumberger. The company’s team of eight mathematicians, scientists and engineers remain at the center.

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