WESTERNGECO LIMITED
Company Information
- Company Number
- 01389716
- Registered Address
- Minerva, Manor Royal, Crawley, United Kingdom, RH10 9BU
- Status
- Active
- Employee Count
- 149
- Turnover
- £36,856,000
- EBITDA
- £2,718,000
Additional Details
- Website
- https://slb.com
- Company Type
- Private limited Company
- Incorporated On
- 19 September 1978
- Nature of Business
- 09100 - Support activities for petroleum and natural gas extraction96090 - Other service activities not elsewhere classified
- Industries
- Energy
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 67 | 25% | 52% | 24% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 59 | 22% | 49% | 29% | 63% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our Company is part of larger Schlumberger Group of companies and based on its group policies and processes, there are a range of payment terms being followed depending on the suppliers and terms negotiated. In this reporting period, the most frequent payment terms are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
70
Dispute Resolution Process
Dispute resolution provision are contained in most of our supplier contracts. Our Accounts Payable business partner is required to resolve any dispute regarding invoice and payment status per their agreed Service Level Agreement (SLA) within 3 working days. If no resolution is provided by the partner within this period the supplier has the option to forward the issue to Accounts payable teams located in Procurement Service Centre.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
WESTERNGECO LIMITED is a global leader in providing innovative geophysical solutions to the oil and gas industry. Founded in 1935, the company has a strong commitment to sustainability and operates with a focus on environmental responsibility.
The company offers a range of products and services, including seismic data acquisition, processing, and interpretation, as well as reservoir monitoring and characterization. These services are aimed at helping oil and gas companies to make informed decisions and optimize their operations.
WESTERNGECO LIMITED's sustainability program includes initiatives such as reducing carbon emissions, minimizing waste, and promoting biodiversity. The company also works closely with local communities and strives to create a positive impact in the areas where it operates.
The key people at WESTERNGECO LIMITED include CEO Maurice Nessim, who brings over 30 years of experience in the oil and gas industry, and Chief Operating Officer Hisham Saadawi, who has over 25 years of experience in seismic operations and technology.
For more information on WESTERNGECO LIMITED and its services, interested parties can visit their website at www.westerngeco.com. The company's registered office address is located at WesternGeco Limited, Schlumberger House, Buckingham Gate, Gatwick Airport, West Sussex, RH6 0NZ, United Kingdom.
