Schlumberger Limited-SLB Establishes Shreveport, Louisiana, Manufacturing Operations
The company signed a seven-year lease agreement with Shreveport Business Park to renovate and occupy 1-million-square-feet of a former GM plant that has been vacant since 2012, which it will utilize for advanced, high-tech manufacturing. Production is scheduled to reach full capacity by the end of 2026.
“LED and its nationally recognized workforce development program FastStart will be an important partner in helping us to find and train the skilled workforce that will make this project a success,” said Bruce Miller, SLB’s Vice President of Industry Affairs for North America. “We would also like to thank NLEP for their team’s responsiveness and dedication throughout this process. We look forward to creating hundreds of quality jobs locally, and to becoming a valued part of the Shreveport community.”
To secure the project in Shreveport, the state of Louisiana offered SLB an incentives package that includes the comprehensive workforce development solutions of LED FastStart and a $4.5 million performance-based grant for building and infrastructure improvements upon meeting investment and employment targets. The company is expected to participate in the state’s Quality Jobs program.
In addition to the state’s incentive package, the Parish of Caddo, the Caddo Parish Industrial Development Board, and the City of Shreveport will provide expedited permitting and performance-based grants. These incentives are tied to the company’s commitment to well-paying jobs in the region.
“It’s hard to express just how much the former GM plant means to the people of northwest Louisiana,” Governor John Bel Edwards noted. “Bringing it back into commerce with new manufacturing jobs in a new sector is a historic milestone for economic growth, diversification, and job creation in our state. SLB’s investment will breathe new life into this once-thriving business park and provide hundreds of new, high-paying jobs for our state’s skilled manufacturing workers. Louisiana finished 2022 with our highest levels of manufacturing employment in seven years, and with today’s announcement, we see clear evidence of that positive momentum continuing in 2023 and beyond.”
Schlumberger Limited, doing business as SLB, is an oilfield services company. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.
“This win was made possible by the collaborative efforts of many groups and individuals,” North Louisiana Economic Partnership President and CEO Justyn Dixon added. “There has been a substantial shift in recent years for our community to work together and leverage the assets of north Louisiana, with Shreveport Business Park being a significant one. SLB, an incredible company, has acknowledged these efforts with their commitment to bring quality, well-paying manufacturing jobs to the area.”
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