Answer To: Purpose of the assessment (with ULO Mapping) Students are required to research a multinational...
Debbani answered on Apr 28 2021
Schlumberger, Australia
Schlumberger, Australia Report
Executive Summary
The following report is about the multinational company, a Schlumberger Australia Pty Ltd., a Perth- based private company which is foreign owned and provides the technology services to the worldwide industry comprising oil and gas. The operational requirements of the oil and the gas wells are met through evaluating, testing, which includes measuring, etc. The report below will provide the industry the company operates in, along with the number of staff in Australia, and in international locations followed by the location of the global headquarters. Next part of the report will identify the legislative regulatory framework which affects the company. Lastly, the related treaties, conventions or agreements which have the impact on the products or services will also be discussed.
Table of Contents
Executive Summary 1
Description of the Company 3
Legislative regulatory framework 3
Treaties, Conventions or Agreements 7
References 10
Description of the Company
Schlumberger Australia Pty Ltd., located in Level 5, 256 St George Terrace, Perth, WA 6000, Australia was incorporated in 1982 and basically it operates as a subsidiary of WesternGeco Seismic Holdings Limited (Bloomberg- Energy Equipment and Services, 2018). As per the Bloomberg’s report, the number of employees within the Australian framework comprises of 935 members (Bloomberg- Energy Equipment and Services, 2018), while more than 100, 000 employees working globally (Bloomberg- Energy Equipment and Services, 2018). The location of the global headquarters are widespread, and is located in multiple international locations, like Paris, France, Houston, Texas, US, London, UK and The Hague, Netherlands. So, the company is basically the supplier of technology, combined with the integrated project management for providing customers with the information solutions, who are working within the oil and gas industry. Thus, knowledge supported with the innovation followed by the teamwork is the prior focus of the company.
Legislative regulatory framework
As the company deals with the information, so the protection of it is immensely required. The company collects the personal and privacy information from its employees as well as from the third parties. So it is evident that, the (Australian Privacy Principles- Schedule 1 of the Privacy Act 1988, 2012) governed by the (Privacy Act- Federal Register of Legislation, 1988), is applicable for the company. The privacy requirements for collecting, using, and transferring, releasing and disclosing the data across boundaries needs protection of it, since it is the normal expectation from the third parties, that whatever data they supplies must not be kept securely so as not to malign the information.
Thus, the protection of the data for the consumers being confidential and often carries the sensitive information must be preserved in such a way that they are securely kept and are not mal- used or used in a wrong way (The Australian Trade and Investment Commission (Austrade) , n.d.).
Furthermore, for the protection of the intellectual property which is created through the new discovery by conceiving any idea, or any device or may also be the technique and also the processes being the exclusive property of the company must be restored by the company itself. In furtherance to this, the employees when are recruited and absorbed within the company they are to sign a non- disclosure agreement along with the confidential disclosure agreement before they can part with the part and allow access to the third parties (Fair Trading (Australian Consumer Law) Act , 1992).
For the establishment of the fairness and ethics with the business practices, the company do not act in any which can be either illegal or unethical (Australian Competition and Consumer Commission v Coles Supermarkets Australia Pty Ltd, 2014). Neither they do the monopolistic business which can give rise to the restriction to the fair competition. The company is not into share pricing and neither they bid information to its competitors. The company strictly sees that the funds and the assets of it are not used in any purposes being political. So, they are fair as well as aggressive in doing the business, within the frameworks of fairness and ethics.
Schlumberger gives product and services in a few nations around the world. Almost the majority of the nations amid which they work have traditions and laws, and a lot have additional exchange controls that administer the import, export of Schlumberger product, services, innovation, and programming bundle (Necessary and Proportionate: International Principles on the Application of Human Rights to Communications Surveillance. , 2014). Where they are working together, they fits all trade laws and guidelines that are pertinent to them and are outstandingly included with the innovation exchanges. Schlumberger keeps fair and right business records, so the laborers ought not stow away, change, misrepresent or camouflage verity nature of any business managing. Schlumberger conforms to bookkeeping and financial reportage norms, and requirements employees to pursue interior money related endorsement tips and besides hold and wreck business records as per local laws and with Schlumberger necessities. In perceiving the human rights the corporate limits the maltreatment of the exploitation of the child labourers which will exist inside the extraction process (ALRC, Australian Law Reform Commission and Human Rights and Equal Opportunity Commission-, 1997), transportation, and...