Schlumberger recently held its first Supplier Innovation Program Summit (SIP) in Houston. The two-day Summit event brought together 50 of Schlumberger’s key suppliers with Schlumberger business leaders to discuss joint projects and innovative solutions that will drive improved performance for customers—and create mutual value for Schlumberger and its suppliers.
“To succeed in today’s world, we need to work more closely together, leveraging each other’s strengths and growing together” said Gwen Boyault, vice president, Planning & Supply Chain, Schlumberger. “That’s why we launched the SIP to facilitate a unique face-to-face opportunity where ideas and experiences can be shared and proliferated.”
Prior to the event, suppliers were invited to submit their innovation proposals. Almost 160 proposals were submitted to the program—and the top 25 were presented during the Summit event.
As the energy industry continues to evolve rapidly, the SIP focuses on three main objectives to optimize growth cycle opportunities:
- Competitiveness and agility, leveraging the innovation capabilities and expertise of suppliers
- Cost management, for a mutually beneficial outcome for suppliers, Schlumberger, and customers
- Decarbonization, to advance sustainability within the energy industry and help customers reduce their environmental footprint across the E&P life cycle.
“We are listening carefully to our suppliers, building closer relationships to drive competitive advantage, agility and innovation,” said Abdellah Merad, executive vice president, Core Services & Equipment, Schlumberger. “This open dialogue enhances collaboration and positions us to provide better performance and value for our customers, for our suppliers and shareholders.”