Accenture (NYSE: ACN) has completed its acquisition of SBC (Schlumberger Business Consulting), the management consulting unit of Schlumberger. The acquisition was first announced on August 17, 2015.
SBC (Schlumberger Business Consulting) employees and knowledge assets now form part of Accenture Strategy, strengthening its ability to help the world’s major energy exploration and production companies achieve greater competitiveness and growth. In particular, Accenture Strategy is now better positioned to support upstream oil and gas companies to enhance operational agility, accelerate their digital transformation and improve their portfolio optimization.
“The upstream energy sector faces a range of challenges and opportunities, from delivering complex capital projects to exploiting technological advances,” said Arthur Hanna, energy industry lead, Accenture Strategy. “Our capabilities in business, digital and technology strategy complement the upstream business, organizational change and operations expertise that now have become part of Accenture Strategy. As a result of the acquisition, Accenture Strategy is better placed to support clients in the field, across the enterprise and as they pursue market opportunities and upstream partners.”
SBC (Schlumberger Business Consulting) has established leadership in the upstream oil and gas industry, providing consulting services in strategy, operations, people and transformation, capital projects, and mergers and acquisitions.