From the September 2007 issue of Treasury & Risk magazine

Finding a Smart Mix

With operations in 80 countries, and an organizational structure that divides the world into four major geographical areas and more than 30 narrower geomarkets, there are few companies that can claim to be any more global than $19.2 billion Houston-based oilfield services giant Schlumberger Ltd.

For Simon Ayat, Schlumberger's executive vice president and CFO since March 2007, the concept of global does not mean totally centralized into "mega-shared service centers." Schlumberger's finance organization is a mix of centralized and decentralized activities. Says Ayat: "Being close to the place of operations has a lot of value for the purposes of compliance and internal controls."

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