Schlumberger Acquires Geomechanics Firm
Schlumberger acquired V.I.P.S., a U.K.-based reservoir geomechanics software and consulting company.
The companyâ€™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 companyâ€™s team of eight mathematicians, scientists and engineers remain at the center.