Creating In-Country Value | SLB

Creating in-country value

Wherever we operate, we want to make sure that host countries and local communities benefit socially and economically from our business growth and investment.
Schlumberger Employees from Around the World

Managing our impacts

For many years, we have maintained a commitment to avoid harm, invest in and have a positive impact on the communities where we live and operate. We've set out these commitments in our Code of Conduct and Human Rights Position Statement.

We adopt a local view of operations and work closely with our customers to maintain a safe operating environment and deliver expected benefits so that both communities and the energy industry can prosper.

Social investment

In alignment with the (SDGs), we work to address local challenges and drive positive impact in our communities. We believe that the most sustainable social investments bring shared value delivering both tangible societal benefits and business results. We have assessed SDG gaps for all countries where we have a physical presence, based on input from local teams, publicly available data, and interviews with local external stakeholders. By understanding operational impacts and the SDG gaps, our local management teams select several SDGs to focus on and write social investment plans for them
Graphic representation of the 17 UN Sustainable Development Goals.
Learning Center in Abu Dhabi

Educational outreach

We believe in empowering women and young people through quality education. It can have a transformative effect on individuals and makes a powerful contribution to the communities where we work and live. Our educational outreach programs focus on science, technology, engineering, and mathematics (STEM) subjects.

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Economic opportunities

In each geography where we operate, we try to recruit personnel, use in country suppliers and develop regional technical capabilities. It all helps to build a sustainable base for the energy industry, stronger supply chains and ultimately better societies.
2 Schlumberger engineersβ€”a male and a femaleβ€”examining data displayed on a monitor.

Principles to help deliver more value

Delivering local content

Different countries and operations have varying requirements for local content—using domestically supplied goods and services. Not only do we comply with both regulatory and contractual requirements, but we also try to go further and contribute to sustainable development. To that end, we implement local content plans and in house programs that support supplier development and enhance the scale and quality of local procurement.

Supply chain localization

We're committed to creating opportunities to suppliers based in the countries where we operate, wherever this is technically feasible, lawful and economic. We cultivate and engage suppliers in various ways, particularly ones based in the communities affected by our operations. For example, we help ensure that they have the skills deliver a scope of work. And we make sure they have equal opportunities to participate in the procurement process.

Investment in human capital

Our highly competent and diverse workforce has been the key to our success for many decades. So, we are committed to fostering the growth and development of our people. Today, diversity and inclusion are business imperatives for attracting the best talent from across the world and enabling creativity and innovation to drive our success into the future. We maintain that its critical for our teams to be able to communicate with customers in their native languages and share the values of the people in the countries where we work. This is why SLB is known as a global company with local expertise, able to understand, respect and thrive in the local culture of our customers.

Regional technical capabilities

We are investing in regional technical strategies that facilitate energy access with high local content. Our ambition is to generate growth and improve our returns while creating significant local value and opportunity, including energy access. In country value creation and local partnerships are key to these strategies.

Making a difference on the ground

Lilian
Supporting quality education in Egypt

Our educational outreach in action

We're running coding and robotic workshops at a school in Egypt to spark students' interest in STEM subjects. Our team has also equipped the school with refurbished computers and furniture to set up a computer lab.

Educational Outreach

We provide educational opportunities for school-age students, support teachers, and fund PhD and postdoctoral women researchers, with an emphasis on science, technology, engineering, and mathematics (STEM).