WesternGeco
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WesternGeco is a geophysical services company. It is headquartered in Schlumberger House on the property of London Gatwick Airport in Crawley, West Sussex.
Background
The company provides reservoir imaging, monitoring, and development services. The company, a business segment of Schlumberger, offers 3D and time-lapse seismic surveys, electromagnetic surveys, and multicomponent surveys for delineating prospects and reservoir management. It also provides geophysical, land and transition-zone acquisition, marine acquisition, electromagnetics, and data processing and reservoir seismic services.
The company was formed by the merger in 2000 of two of the world's largest seismic contractors, Western Geophysical (founded in 1933)<ref>Template:Cite web</ref> and Geco-Prakla. Schlumberger, owners of Geco-Prakla paid cash to Baker Hughes, which then owned Western, for a 70% stake in a joint venture of the combined companies.<ref>Completed merger of the surface seismic data acquisition and data processing interests of Schlumberger Limited and Baker Hughes Incorporated Template:Webarchive, United Kingdom Office of Fair Trading, 2000-12-21.</ref> In May 2006, Schlumberger bought out Baker Hughes' 30% stake for a reported $2.4 billion, making WesternGeco one of its subsidiaries.<ref>Schlumberger Financial News, 2006-07-21</ref><ref>Template:Cite web</ref>
Exit seismic data acquisition
In January 2018, Schlumberger CEO Paal Kibsgaard announced that Schlumberger would be exiting the seismic data acquisition business, both onshore and offshore, while retaining its multiclient data processing and interpretation segments. This decision followed the bankruptcy filings of several competitors in the seismic services sector.<ref>Template:Cite web</ref>
In August 2018, the seismic data acquisition business was sold to Shearwater GeoServices.<ref>Template:Cite web</ref>
Head office
WesternGeco had its head office and its Europe/African offices in the Schlumberger House,<ref name="Regions">"Regions Template:Webarchive." WesternGeco. Retrieved on 23 July 2009. "Corporate Headquarters" "Address: WesternGeco, Schlumberger House Buckingham Gate, Gatwick Airport West Sussex RH6 0NZ United Kingdom"</ref><ref>"Product line Template:Webarchive." WesternGeco. Retrieved on 12 February 2011. "Corporate Headquarters" "Address: Schlumberger House Buckingham Gate Gatwick Airport West Sussex, RH6 0NZ UK"</ref><ref>"Europe/Africa Template:Webarchive." WesternGeco. Retrieved on 26 December 2010. "Address: WesternGeco, Ltd. Schlumberger House Buckingham Gate, Gatwick Airport West Sussex, RH6 0NZ UK ."</ref> a Template:Convert building on the grounds of Gatwick Airport in Crawley, England.<ref name="Regions"/><ref name="Eade">Eade, Christine. "The market in minutes - Sussex." Property Week. 8 June 2007. Retrieved on 12 February 2011.</ref><ref>"Regions Template:Webarchive." WesternGeco. Retrieved on 23 July 2009. "WesternGeco is organized geographically, operating through a network of five regional offices around the world plus our headquarters in London, UK." and "Corporate Headquarters" "Address: WesternGeco, Schlumberger House Buckingham Gate, Gatwick Airport West Sussex RH6 0NZ United Kingdom"</ref> The building was vacated in 2022 and remaining operations moved to the nearby Manor Royal industrial park.