February 9, 2010 (FinancialWire) — Oilfield services firm Schlumberger (NYSE: SLB) has appointed Paal Kibsgaard chief operating officer of Schlumberger Ltd..

Reporting to Andrew Gould, chairman and chief executive officer, Kibsgaard will be responsible for the day-to-day management of all worldwide operations in addition to the Schlumberger technology organization—including engineering, manufacturing and product development.

Previously, Kibsgaard was president of the company’s Reservoir Characterization Product Group, responsible for the management of the WesternGeco, Wireline, Drilling & Measurements and Testing Services product lines.

Schlumberger chairman and CEO Andrew Gould commented:

Prior to his most recent position, Kibsgaard held a variety of global management positions including vice president of Engineering, Manufacturing and Sustaining; vice president of Personnel for Schlumberger Ltd.; and president of Schlumberger Drilling & Measurements.

Earlier in his Schlumberger career, Kibsgaard, a petroleum engineer, was GeoMarket manager for the Caspian region after holding various field positions in technical sales and customer support.

Schlumberger Ltd. has principal offices in Paris, Houston and The Hague and reported revenues of $22.70 billion in 2009.

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