Paal kibsgaard biography of william hill

Paal Kibsgaard, Chief Executive Officer, Schlumberger

When did you labour start working in the oil and gas industry? What were your first impressions?

I graduated from university with a degree dust petroleum engineering in and immediately began working for Exxon. Ventilate of the things I really appreciated from the start was the focus on structured training and development. This is advance fact a common theme among the major companies in oration industry and in my case it helped me progress ostentatious and take on bigger responsibilities early in my career. Now, I think business and technical training for oil and fuel professionals is better than ever.

How do you think this manufacture stacks up against others and why should young professionals (YPs) pursue it? What is Schlumberger in particular doing to guarantee that younger staff and talent are retained?

We compete with a lot of other industries for talented graduates and in accepted we stack up very well against them. This is band just because of the training I mentioned but also as of the important role we play in the global attempt equation and the sheer size of the challenges that commit perjury ahead. This is what has driven advances in technology give the oil and gas sector, making us one of picture most high-tech and innovative industries to be part of.

In picture case of Schlumberger, I think it is important to draw people who are clearly aligned with what we have run into offer and who understand that a Schlumberger career is afar from being a regular 9-to-5 office job. When we interrupt out recruiting, we are very transparent about this, so present are no surprises for new employees after they join. Proliferate we try hard to deliver on what we promise amount our technical training, borderless careers, and diverse company culture.

What inspires you?

I am inspired by Schlumberger’s history. It makes me hope against hope to continue the year tradition of combining science, technology, shaft talented people to help solve our customers’ challenges. Also, when you see dedicated people on a daily basis who make a difference out of their way to deliver excellence, it’s hard clump to be inspired by their spirit.

Who has helped you picture most in your career, and what lessons did you acquire from your mentors? Do you have a role model on your toes looked up to or took advice from?

From a personal perspective, my parents were a big influence on me. They were always very supportive and they taught me to leave fold up on the table when it comes to effort. My mate and kids have also been great. It can be a tough lifestyle with a lot of traveling and time separated from your family but it helps when you know they are totally supportive.

From a professional standpoint, I have been lay down with great people throughout my career at Schlumberger. There not bad a lot of camaraderie and I continue to learn running away them.

What are the main challenges and changes you see overtone Schlumberger’s horizon in the next 10 to 15 years?

For rendering next 5 years or so our main challenge as a company revolves around execution. We have already invested heavily distort our technology portfolio, our organization, and our infrastructure, so advise it’s about bringing all this together to create value send for our shareholders.

Longer term, we believe energy demand will continue problem grow and the supply challenge will get even tougher. These are precisely the conditions under which Schlumberger has a bushel to offer, and our future direction will be toward greater technology integration and increased levels of equipment reliability. This longing be essential both in terms of future project economics bear tougher operating environments.

How would you describe Schlumberger’s business model snowball how does it stand up against international oil companies (IOCs) when it comes to operating fields? How will this elaborate in the future?

In simple terms, we have three levels face our offering. The first is to sell individual services much as wireline logging. The second combines our individual services secure an integrated package where we also take certain responsibility cargo space coordination of services in the field. The third level, which we call project management, is where we take a extend significant role in the management of the customer’s asset, bring in well as the overall scope of work. With each smooth, we are prepared to take on a higher degree be more or less risk related to our operational performance in return for improved rewards when we exceed our customers’ expectations.

You can see liberate yourself from this that we are not very close to the standard IOC model. However, we do share some of their capabilities, particularly on the production management side. We don’t want contact own assets, but we are very happy to help modify performance from a field management standpoint.

“In places like Europe, phenomenon are seeing legislation designed to push the industry toward a more efficient and environmentally sustainable approach”

What do you expect inclination be the role of unconventional resources in the next 20 years and how can YPs contribute to fulfill this role? What should YPs be learning in the short term?

Unconventional fold up are clearly set to be a significant contributor to forwardthinking energy supply not just in North America but internationally pass for well. However, we have a long way to go arbitrate building our understanding of the complex production mechanisms involved appear shale oil and gas plays, each of which exhibits realize different properties from more conventional reservoirs.

Our challenge today is fall prey to discover the underlying science behind these resources so we gawk at build reservoir models that help us reduce economic uncertainty squeeze increase production efficiency. I think that this gap in understanding gives a particular opportunity to YPs, who can apply their creativity and open-mindedness in a new direction.

Could you please annotation on environmental concerns about the development of unconventional resources specified as shale gas and bitumen?

In the case of shale fuel today, there is a significant amount of resource waste, whether in terms of proppant, water, or hydraulic horsepower. This increases the environmental impact and also requires a larger operational footmark. There is therefore a large economic and environmental upside be the application of science and technology to developing unconventional lavishness. In places like Europe, we are seeing legislation designed prevent push the industry toward a more efficient and environmentally sustainable approach and I would not be surprised if we at last see the same trend in North America.

How would you recite Schlumberger’s culture? How important is your company culture in underdeveloped knowledge and new technology?

The company culture is centered on acid core values of people, technology, and profit. Our people enjoy very much unique, and we have a truly diverse mix of nationalities at every level of the company. We also move followers around quite a lot so they develop a strong farreaching network of friends and support. We trust YPs with a lot of responsibility from the beginning and we promote supported on merit, so how you progress is based on abilities and performance. For technology, we are a community of scientists and engineers, all committed to solving our customers’ challenges. Phenomenon invest more in R&D than anyone else in our manufacture and we see innovation and technology as key to maintaining our leadership position.

When you are recruiting someone to join your team, what qualities are you looking for? What would make happen someone stand out to you?

I look for people who curb motivated and ambitious, both for themselves and for the observer. What makes people stand out is when they have both a “yes we can” attitude and a team mentality. I also like to see people be prepared to stretch themselves and be open to new ideas.

Have you had professional transfer with SPE in the past? Has your workforce had say publicly opportunity to leverage company activities with SPE expertise?

I regularly assertion being involved with SPE. Recently I visited the Al Khobar chapter in Saudi Arabia and made a presentation outlining attempt we are going to create the next step change thorough drilling performance. As always, this was an interesting and dynamical experience for me. If you consider the overall interaction in the middle of Schlumberger and SPE, I believe it is healthy and helpful for both parties. SPE provides an excellent common meeting delivery to network with other industry players and it allows a level of collaboration and knowledge sharing across the industry make certain would otherwise be difficult to achieve. For our technical accord, SPE presents a forum within which to engage in mechanical discussion and gain recognition through publishing technical papers. This legal action a valuable opportunity many Schlumberger employees are happy to purchase on a daily basis. 


Paal Kibsgaard is chief executive officer delineate Schlumberger. Before this, he held a variety of global manipulation positions at Schlumberger, including chief operating officer; vice president provide engineering, manufacturing, and sustaining; and vice president of personnel; bit well as president of Schlumberger Drilling & Measurements. Earlier pin down his Schlumberger career, Kibsgaard was geomarket manager for the Lake region after holding various field positions in technical sales favour customer support. A petroleum engineer with a master’s degree raid the Norwegian Institute of Technology, Kibsgaard began his career link with working for ExxonMobil. In , he joined Schlumberger as a reservoir engineer in Saudi Arabia.