Local Content Development: A Service Company Perspective

Marcelo Camargo Gulf of Guinea Oil & Gas Conference London, 8 May 2007

Schlumberger Public

Agenda
Schlumberger Worldwide

Guiding Principles Local Impact

Schlumberger Public

Schlumberger Angola

Our Local Content focus Current Achievements and Investments

Next Steps Conclusions

Schlumberger Worldwide
Schlumberger is the worlds leading supplier of technology, project management and information solutions to the oil and gas industry.

Large

Diverse
Schlumberger Public

70,000 employees

140 nationalities 11 nationalities in top 11 positions Gender diversity focus

Working in 80 countries

Guiding Principles
Our values
People Technology Profit

Conduct and behavior

Code of Ethics Governance Accountability

Schlumberger Public

Our commitment to customers

Excellence Transparency Trust

Local Impact

Human Capital
Local Recruitment, training and development Investment in educational capacity building

Economic Impact
Schlumberger Public

Job Creation Procurement, Supplier development

QHSE Global Citizenship Community Involvement Governance

Schlumberger Angola

Headquarters for West and South Africa Geomarket

699 employees, 497 Angolan nationals (Nov 06)

Angolan nationals working in 17 countries All technologies available Global HSE standards

Schlumberger Public

Angolan Content: Focus on People

Educational activities

Student Development
Schlumberger Public

Recruiting

Training and Development of employees Developing suppliers

Developing entrepeneurs

Angolan Content: Educational Activities

University Relations SEED

2 schools in Luanda, 3rd in 2007
Schlumberger Public

Lab-in-a-Lorry
Launch in June-07

HSE campaigns
Extended to families and communities

Angolan Content: Recruiting, Training and Development

Overseas scholarship programs Training in world-class training centers Continuous development Management development
Schlumberger Public

Angolan Content: Developing Suppliers

Local Sourcing: 50M$

Office/Housing Infrastructure
Hotels and Guest Houses Catering services Transportation Building maintenance Cleaning services
Schlumberger Public

HSE and Governance development

10

Angolan Content: Next Steps

Develop framework
Impact must be measured Direct and through supply-chain

MEASURE

Schlumberger Public

Outsourcing

Many verticalized activities Focus out of core activies Activites tranportable from Oil & Gas to other industries

MANAGE

11

Angolan Content: Outsourcing

Identified areas for outsourcing Developed roadmap Implementation in progress, requiring
HSE management systems Governance Quality processes Financing Commitment

12

Schlumberger Public

Roadmap for increasing Local Expenditure 80% completed

Conclusion
Many initiatives in progress Global initiatives applied to Angola Initiatives focused on people Critical mass is needed. Therefore the industry must collaborate to Develop Local Capacity

13

Schlumberger Public

Human Capital Value-added activities for the Industry longer-term

Local Content Development: A Service Company Perspective

Thank you
Marcelo Camargo Strategy and Local Content Manager Schlumberger West and South Africa

Schlumberger Public