Schlumberger to Acquire Norway-Based SPT Group

Schlumberger to Acquire Norway-Based SPT GroupAcquire

Schlumberger announced that it has entered into an agreement with Altor Fund II to acquire SPT Group—a privately owned software company specialized in dynamic modeling for the oil and gas industry.

The company provides a combination of software and consulting services for multiphase flow and reservoir engineering applications. Closing is subject to customary regulatory approvals.

“The dynamic modeling and reservoir optimization software of SPT Group will complement the existing Schlumberger production software portfolio,” said Tony Bowman, President, Schlumberger Information Solutions (SIS). “In combination with the Petrel* E&P software platform and other SIS technologies, this will enable customers to further optimize production from reservoir performance to processing facilities.”

“This is a great testament to our employees and a remarkable opportunity for the company,” commented Tom Even Mortensen, Chief Executive Officer of SPT Group. He continued, “Combining the skills, abilities, presence and technologies of the two companies will further increase the scale of our activities and enable continued delivery of products and services with the quality and pace the market demands.”

SPT Group Chairman and Altor Partner Reynir Indahl added, “We are proud to have developed a very successful company together with SPT Group management, and believe that Schlumberger will be a great home for SPT and its employees.”

SPT Group, founded in 1971, is headquartered in Norway and employs approximately 280 people in 11 countries worldwide. The company is a leader in dynamic modeling of multiphase flow and reservoir optimization through renowned software products and a global team of professional consultants. SPT Group has invested more than most comparable firms in developing cutting-edge technology. The company’s employees, global presence, close ties to industry research environments, and clear focus on customer needs have been important factors in its success.

Subsea World News Staff , March 21, 2012;  Image: SPT Group

Share this article

Follow Subsea World News


<< Dec 2015 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

2nd Annual Offshore Power Cable Engineering and Reliability Forum

This exclusive BIS forum will showcase an analytical insights into how industry leaders are reducing risk and improving efficiency during offshore power cable installation. Participants will learn how to increase cable integrity and manage cost during offshore projects. This interactive forum will explore effective and safe maintenance of offshore cables in deeper, harsher environments. With a two day intimate forum followed by half a day workshop, joining together key industry professionals to discuss, brainstorm, share experience and partake in exclusive networking sessions in a flexible and dynamic platform – together shaping the future of the market.

As Europe strives to meet its 2020 renewable targets the need for infrastructure increases and the integration of renewable energy into the European grid along with the necessity for trade is of huge importance. HVDC offshore cables are a vital investment; both of time and money, and any challenges arising could result in operational and financial losses. An insight on how to efficiently cope with the changes and keeping up with market trends is needed.

This BIS GROUP Forum will allow leading electricity cable and interconnection players to exchange and discuss experience on reliable offshore power cable monitoring, protection strategies, repair and installation technologies that are vital for operating in cost-efficient manner. The forum will also provide solutions and strategies on how to overcome the challenges of laying and installing of offshore power cables in deep water / far offshore.


  • Deepen your insight into the latest cable design advancements
  • Identify the latest technological innovations in cable laying & installation projects
  • Explore the possibilities of dynamic cables and deep water installation
  • Discover new generation of cost effective burial and trenching methods
  • Ease your cable protection strategy and save your resources
  • Explore how to use the latest monitoring and testing techniques to enhance cable repair
  • Gain invaluable insight into the latest maintenance methodologies to achieve cable integrity and reduce cost
  • Benefit from expert opinion on predictive and preventative maintenance strategy
  • Examine vessel capabilities and availabilities in offshore projects
  • Receive clarification on the roles and responsibilities of Marine Warranty Surveyor
  • Take advantage of an excellent opportunity to meet other stakeholders in an informal setting

More Info

read more >

66kV Offshore Wind 2015

The only networking event on 66kV array grids.

66kV Offshore Wind is a technical event for experts in the wind industry. The goal is to provide a clear path to commercial implementation of 66kV array grids. By exploring developer requirements, WTG capabilities and equipment certification, we hope to reduce both uncertainty and time to implementation for 66kV offshore wind.

The conference aims to:

  • Evaluate project requirements to select 66kV inter-arrays
  • Explore turbine requirements for use in 66kV systems
  • Review certification procedures for higher voltage equipment
  • Evaluate the technology and cost impacts on transformers, cables and switchgears
  • Understand the need for reactive power compensation in offshore substations

More Info

read more >

Decommissioning and Mature Wells Management Conference

Understand how to effectively plan for decommissioning in a low oil price environment, including accurate cost estimation while ensuring…

read more >


This course will provide a complete and up-todate overview of the area of Subsea Pipeline Engineering, taking delegates through the pre-design…

read more >