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The Art of Corporate Success: The Story of Schlumberger by Ken Auletta

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4

A MANAGERIAL PHILOSOPHY

The man, his style of management—and the nature of the company he manages—can be gleaned by following Jean Riboud on one of his frequent field trips, this one to Schlumberger’s North American Wireline operations in Texas, the most profitable of their three worldwide wireline divisions. It is commonly assumed that the heart of the oil business pumps in the Middle East. That is not so. At the beginning of 1982, 70 percent of the world’s active oil-drilling rigs outside of the Soviet bloc were in the United States and Canada. Because of the current oil glut, the number of active drilling rigs in North America fell from 4700 in January of 1982 to 1990 in March of 1983, but that was still more than the 1200 active rigs operating ...

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