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Schlumberger NV engages in the provision of technology for reservoir characterisation, drilling, production and processing to the oil and gas industry. It operates through the following business areas: Reservoir Characterization, Drilling, Production Systems, Completions and Eliminations and other. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tools, drilling and measurement, land rigs and integrated drilling services. The Production Systems segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lifts, well intervention, water services, integrated production services and others. The Completions Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.