SCHLUMBERGER OILFIELD UK PLC
Company Information
- Company Number
- 04157867
- Registered Address
- Minerva, Manor Royal, Crawley, United Kingdom, RH10 9BU
- Status
- Active
- Employee Count
- 2,480
- Turnover
- £806,662,000
- EBITDA
- £73,269,000
Additional Details
- Website
- https://slb.com
- Company Type
- Private limited Company
- Incorporated On
- 9 February 2001
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- 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 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 50 | 28% | 40% | 32% | 63% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 52 | 36% | 44% | 21% | 64% |
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
90
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
SCHLUMBERGER OILFIELD UK PLC is a leading global supplier of technology, integrated project management and information solutions to the oil and gas industry. They are committed to sustainable practices and have a strong sustainability program in place.
Their sustainability program focuses on reducing their environmental footprint, promoting health and safety, and supporting local communities. They have implemented various initiatives such as reducing greenhouse gas emissions, minimizing waste generation, and promoting renewable energy sources.
The company offers a wide range of products and services, including drilling services, well completion and stimulation, and production and reservoir engineering. They also provide digital solutions and software to improve operational efficiency and reduce environmental impact.
SCHLUMBERGER OILFIELD UK PLC has a team of experienced and knowledgeable professionals who are dedicated to providing innovative solutions to their clients. Some key people in the company include Olivier Le Peuch (CEO), Mark Richard (CFO), and Khaled Al Mogharbel (President, Europe & Africa).
Their website address is www.slb.com and their registered office address is at Schlumberger House, Buckingham Gate, Gatwick, West Sussex, RH6 0NZ, United Kingdom. With their strong commitment to sustainability and innovative products and services, SCHLUMBERGER OILFIELD UK PLC continues to be a leader in the oil and gas industry.
