| Waterloo
Hydrogeologic, Inc. Acquired by Schlumberger - Water Services
You
may have noticed that our logo has changed to Waterloo
Hydrogeologic - A Schlumberger Company. We are pleased
to announce that, on January 10, 2005, Waterloo Hydrogeologic,
Inc. was purchased by Schlumberger Canada Limited. All of
us at Waterloo Hydrogeologic are extremely excited about the
new opportunities presented in this arrangement and feel we
are better positioned to further expand our technologies and
range of services, software, and training. In particular,
we anticipate that Schlumberger's R&D expertise, existing
technologies, and global presence will present many new opportunities
in several key areas:
- Services
supporting the protection and optimization of groundwater
supplies
- Services
related to water storage and recovery
-
Expansion of technologies used to support groundwater resources
management
- Improvements
to subsurface flow modeling technologies
- Convergence
of field data acquisition technologies with data management
solutions
With
revenues of over US$ 11 billion and 50,000 employees, Schlumberger
Limited is the leading oilfield services company with a presence
in more than 100 countries and is now expanding its services
to the Water Sector. The acquisition of Waterloo Hydrogeologic,
Inc. is an important step for Schlumberger to grow Water Services.
Schlumberger Water Services currently provides comprehensive
solutions, with particular focus in groundwater resource assessments,
technology development, and data management. Waterloo Hydrogeologic,
Inc. will act as Schlumberger Water Services' "Groundwater
Center of Excellence", providing hydrogeological expertise
and developing innovative software technologies.
"After 16 years in business, Waterloo Hydrogeologic,
Inc. is extremely pleased to have found Schlumberger - a leader
in their own industry with similar strengths in technology
and services. This union of companies creates new opportunities
for enhanced technologies leading to cost-effective solutions
for both public and private sector clients. Together, we will
pave the way for extreme advancements to the groundwater and
data management technologies and services required to support
the water industry." Nilson Guiguer, Senior Principal,
Schlumberger Water Services.
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