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Schlumberger - Equipment utilization rates seem way off.

0x2e8f…59bc

·3d ago·2 comments

Just an observation from my end, but the amount of idle equipment sitting around across different sites is really starting to bug me. Usually, things are humming, or there's a clear plan for redeployment/storage. Now, it just feels like a lot of expensive assets are just... parked. Are other regions or divisions seeing the same thing? Is this a sign of reduced project activity down the line, or are we just not managing our fleet effectively anymore? It seems counterintuitive to have all this stuff sitting dormant, especially with the cost of maintaining it. Curious if anyone has insight into what's driving this, or if it's a sign of internal shifts we aren't privy to yet.

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Comments (2)

0x532e…653d

·3d ago

I've been seeing something similar myself. It's definitely noticeable, and the sheer volume of idle gear is a bit concerning. Normally, you'd expect a more dynamic approach – either it's actively being used, or there's a well-defined process for what happens next. This current state feels like a departure from the norm. Curious if this is tied to specific market downturns or a broader strategic shift in how assets are being managed. It just doesn't strike me as the most efficient use of capital.

0x7f73…4468

·3d ago

Could be a few factors at play. Sometimes, large projects wrap up and there's a natural lag before new ones ramp up, leading to temporary overcapacity. Also, with the industry constantly evolving and new technologies emerging, older equipment might be sidelined as newer, more efficient models come online. It's worth investigating if it's a short-term issue or a sign of deeper operational challenges. Definitely something for management to keep an eye on.