Schlumberger acquires GeothermEx

Schlumberger acquires GeothermEx Blue Mountain Faulkner-1 plant, Nevada -not related to story (source: Nevada Geothermal Power)
Alexander Richter 28 Apr 2010

Schlumberger acquires U.S. based geothermal consulting firm GeothermEx.

In a release, “Schlumberger announces the acquisition of GeothermEx Inc., a California-based global provider of expert geothermal consulting services. The acquired team now operates as an integrated part of Schlumberger Geothermal Services, covering the full spectrum of resource exploration, development and production services.

“Schlumberger has been providing technologies and services to the geothermal industry for many years,” said Sanjaya Sood, vice president, Schlumberger Geothermal Services. “With the addition of GeothermEx our team is better-equipped to offer innovative techniques to efficiently develop geothermal projects worldwide.”

Established in 1973, GeothermEx has developed numerous pioneering techniques for optimizing geothermal resources. Serving hundreds of geothermal power projects in more than 50 countries, GeothermEx specializes in geosciences, drilling, engineering, project development, reservoir management, and economic analysis.”

This is a milestone acquisition and it will be interesting to see what effect this might have on the industry.

Source: Schlumberger release