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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Hanover Compressor Company
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
410768 10 5
--------------------------------------------------------------------------------
(CUSIP Number)
Dean Ferris, c/o Schlumberger Technology Corporation,
300 Schlumberger Drive, MD:23, Sugarland, Texas 77478
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 31, 2001
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box (TM).
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. Seess. 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE SOLICITATION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A
CURRENTLY VALID OMB CONTROL NUMBER.
SEC 1746 (03-00)
CUSIP NO. 410768 10 5
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Schlumberger Technology Corporation 22-1692661
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(SEE INSTRUCTIONS)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS(SEE INSTRUCTIONS) OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 51,491
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
51,491
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
51,491
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP NO. 410768 10 5
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Schlumberger Surenco S.A.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(SEE INSTRUCTIONS)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS(SEE INSTRUCTIONS) OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
PANAMA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 1,430,304
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
1,430,304
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,430,304
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP NO. 410768 10 5
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Schlumberger Oilfield Holdings Ltd.
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(SEE INSTRUCTIONS)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS(SEE INSTRUCTIONS) OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 366,158
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
366,158
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,158
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP NO. 410768 10 5
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Camco International Inc. 13-3517570
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(SEE INSTRUCTIONS)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS(SEE INSTRUCTIONS) OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 6,762,479
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
6,762,479
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,762,479
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP NO. 410768 10 5
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Operational Services, Inc. 76-0313484
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(SEE INSTRUCTIONS)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS(SEE INSTRUCTIONS) OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 97,261
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
97,261
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
97,261
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
CUSIP NO. 410768 10 5
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Schlumberger Limited
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(SEE INSTRUCTIONS)
(a)
(b)
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS(SEE INSTRUCTIONS) OO
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
NETHERLANDS ANTILLES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,707,693
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
--------------------------------------------------------------------------------
ITEM 1. SECURITY OF ISSUER
This statement on Schedule 13-D relates to common stock, par value $.001 per
share, of Hanover Compressor Company (the "Hanover Stock") and is being filed
pursuant to Rule 13d-1 under the Securities and Exchange Act of 1934, as
amended. The principal executive offices of the Issuer is located at 12001 North
Houston Rosslyn, Houston, Texas 77806.
ITEM 2. IDENTITY AND BACKGROUND
The name of the reporting persons filing this statement are Schlumberger
Limited, a company incorporated in the Netherlands Antilles ("SLB"),
Schlumberger Technology Corporation, a company incorporated in Texas ("STC"),
Camco International, Inc., a company incorporated in Delaware ("CII"),
Schlumberger Surenco S.A., a company incorporated in Panama ("Surenco"),
Operational Services, Inc., a Company incorporated in Texas ("OSI"), and
Schlumberger Oilfield Holdings Ltd., a company incorporated in the British
Virgin Islands ("SOHL," and together with SLB, STC, CII, Surenco and OSI, the
"Schlumberger Companies"). SLB owns, directly or indirectly, all of the equity
interests of each of STC, CII, Surenco, OSI and SOHL and thus may be deemed to
beneficially own all of the Hanover Stock owned by the other Schlumberger
Companies. The directors and executive officers of each of SLB, STC, CII,
Surenco, OSI and SOHL are set forth on Schedule I hereto.
The address for the principal executive offices of the Schlumberger Companies
are as follows:
153 East 53rd Street, 57th Floor
New York, New York 10022
42 Rue Saint-Dominique
Paris, France 75007
Park Straat 83
The Hague, The Netherlands 2514 JG
The principal business of the Schlumberger Companies is to engage, directly or
indirectly, in two primary business segments: (i) Oilfield Services, which is
organized into two product groups: (a) Reservoir Evaluation and Development and
(b) Schlumberger Oil and Gas Information Solutions that provide exploration and
production services required during the life of an oil and gas reservoir to the
petroleum industry; and (ii) Schlumberger Sema, which provides design,
implementation, operations and management of information systems and IT-related
consulting services, smart card-based solutions, semiconductor test, metrology
and handling systems and services, and corporate IP (internet protocol) and
network solutions to customers.
During the past five years, none of SLB, STC, CII, Surenco, OSI and SOHL or, to
the best of their knowledge, any of the persons listed on Schedule I hereto, (i)
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or (ii) has been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction that resulted in a
judgment decree or final order enjoining future violations of, or prohibiting or
mandating any activities subject to, federal or state securities laws or finding
any violation of such laws except as follows:
On July 27, 1999, the US Department of Justice filed petitions against SLB and
Smith International, Inc., with the United States District Court in Washington,
D.C., alleging civil and criminal contempt in connection with the completion of
the MI drilling fluids joint venture transaction between SLB and Smith. The
petitions alleged that the transaction violated a 1994 consent decree entered in
U.S. v. Baroid Corporation (the "Baroid decree"). On December 9, 1999, SLB,
Smith and the Department of Justice agreed to settle the civil contempt claim.
The Court subsequently found Smith and SLB in criminal contempt and fined each
$750,000. The December 22, 1999 order approving the civil settlement agreement
provides for the modification of the Baroid decree, with the consent of the
Department of Justice, to remove the reference to "Schlumberger Ltd." from the
Baroid decree, and for disgorgment of the net income of the joint venture from
the time of its creation through the date of the settlement agreement. SLB's
share of the amount payable in connection with the settlement was $6.34 million.
On March 13, 2000, following expiration of a public comment period regarding the
proposed modification, the Court signed the order modifying the Baroid decree.
The attached Schedule I is a list of the executive officers and directors of
SLB, STC, CII, Surenco, OSI and SOHL which contain the following information
with respect to each such person: (i) name, (ii) business address, (iii) present
principal occupation or employment and the name, principal business address and
address of any corporation or other organization in which such employment is
conducted, and (iv) citizenship.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On June 28, 2001, the Issuer, Hanover Compression Limited Partnership, STC, CII,
Surenco and SOHL entered into a Purchase Agreement (the "Purchase Agreement"),
pursuant to which on August 31, 2001, the Issuer acquired equity interests in
certain companies engaged in, and assets used in connection with, the gas
compression business of the Schlumberger group of companies. Hanover Compression
Limited Partnership acquired: (i) 100% of the issued and outstanding shares of
the capital stock of Productions Operators Corporation, a Delaware corporation,
from CII, (ii) a 35.5% equity interest in and a $7,952,000 note to Harwat
International Finance N.V., a Curacao limited liability company, from SOHL (iii)
a 30% equity interest in and a $79,185,000 loan to WilPro Energy Service (PIGAP
II) Limited, a Cayman Islands company, from Surenco and (iv) the assets of
Operational Services, Inc.'s Mechanical Services Group ((i) through (iv) is
referred to herein as the "Purchase"). In addition, pursuant to the Purchase
Agreement, STC, SOHL and Hanover Compression Limited Partnership entered into an
Alliance Agreement.
The purchase price paid by Hanover for the assets and the Alliance Agreement
consisted of (i) Two Hundred Seventy Million Dollars ($270,000,000) in cash
(subject to certain true up provisions and a possible additional $58,000,000
payment upon the occurrence of certain events), (ii) a promissory note in the
principal amount of One Hundred Fifty Million Dollars ($150,000,000), and (iii)
8,707,693 shares of Hanover Stock.
ITEM 4. PURPOSE OF TRANSACTION
The shares of Hanover Stock received by the Schlumberger Companies were acquired
as partial consideration for certain equity interests of companies engaged in,
assets used in connection with, and an Alliance Agreement related to the gas
compression business conducted by the Schlumberger Companies. The shares of
Hanover Stock are being held for investment purposes by the Schlumberger
Companies.
It is currently expected that following the consummation of the Purchase, the
business and operations of Hanover will continue to be conducted as they have
historically been conducted. Except as described below, the Schlumberger
Companies have no present plans or proposals that would result in any
extraordinary corporate transaction, such as a merger, reorganization,
liquidation involving Hanover or any of its subsidiaries, or purchase or sale or
transfer of a material amount of assets of Hanover or any of its subsidiaries or
any other material changes to Hanover's capitalization, dividend policy,
corporate structure, business or composition of the board of directors of
Hanover or the management of Hanover. Pursuant to the Purchase Agreement, the
Schlumberger Companies are entitled to appoint one director to the Board of
Directors of Hanover until the later to occur of (i) the fifth anniversary of
the consummation of the Purchase Agreement and (ii) the termination of the
Alliance Agreement, so long as the Schlumberger Companies hold an aggregate of
at least five percent (5%) of Hanover's issued and outstanding capital stock. If
the Schlumberger Companies' designee is not elected to Hanover's Board of
Directors, Hanover shall take all actions necessary, subject to applicable laws
and New York Stock Exchange rules, to appoint a designee of the Schlumberger
Companies.
The Schlumberger Companies intend to review continuously their position in
Hanover. Depending upon future evaluations of the business prospects of Hanover
and upon other developments, including, but not limited to, general economic and
business conditions and stock market conditions, the Schlumberger Companies may
retain or from time to time increase their holdings or dispose of all or a
portion of their holdings of Hanover, subject to any applicable legal and
contractual restrictions on the ability to do so. The Schlumberger Companies are
contractually prohibited, except upon the occurrence of certain events, from (i)
selling their shares of Hanover Stock prior to June 28, 2004 or (ii) increasing
their collective holdings of Hanover Stock to more than 25% outstanding shares
during such period.
ITEM 5. INTEREST IN SECURITIES OF ISSUER
(A) On August 31, 2001, the Schlumberger Companies acquired an aggregate of
8,707,693 shares of Hanover Stock in the Purchase. The holdings of the
individual Schlumberger Companies are as follows:
COMPANY SHARES PERCENTAGE
------- ------ ----------
STC 51,491 *%
CII 6,762,479 8.5%
Surenco 1,430,304 1.8%
SOHL 366,158 0.5%
OSI 97,261 0.1%
Total 8,707,693 10.9%
* Less than 0.1%
SLB, as the direct or indirect owner of all of the other Schlumberger Companies,
may be deemed to beneficially own all 8,707,693 shares of Hanover Stock owned by
the Schlumberger Companies.
(B) Each of the Schlumberger Companies (other than SLB) has sole voting and
dispositive power with respect to the number of shares of Hanover Stock set
forth opposite its name in the table above.
(C) Except as described herein, none of SLB, STC, CII, Surenco, OSI or SOHL or,
to the best of their knowledge, any other person referred to in Schedule I
attached hereto, beneficially owns or has acquired or disposed of any Hanover
Stock during the past 60 days.
(D) Not applicable.
(E) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Except as described herein, none of SLB, STC, CII, Surenco, OSI or SOHL or, to
the best of their knowledge, any other person referred to in Schedule I attached
hereto, has any contracts, arrangements, understandings or relationships (legal
or otherwise) with any persons with respect to any securities of Issuer,
including, but not limited to, transfers or voting of any securities, finders
fees, joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or loss, or the giving or withholding of any
proxies.
1. Registration Rights Agreement
Pursuant to the Lock-Up, Standstill and Registration Rights Agreement dated
August 31, 2001, between STC, CII, Surenco, SOHL, OSI and Hanover (the "Rights
Agreement"), Hanover has granted to each of the Schlumberger Companies certain
registration rights in connection with their receipt of the Hanover Stock. The
registration rights granted to the Schlumberger Companies include (i) the right,
subject to certain restrictions, to register the Hanover Stock in any
registration of securities initiated by Hanover within the period of time
beginning on the third anniversary of the date of the Rights Agreement and
ending on the tenth anniversary of the date of the Rights Agreement, and (ii)
the right, subject to certain restrictions, to demand up to five registrations
of the Hanover Stock within the period of time beginning on the third
anniversary of date of the Rights Agreement and ending on the tenth anniversary
of the date of the Rights Agreement.
Also pursuant to the Rights Agreement, neither STC nor any of its affiliates
will directly or indirectly, offer, sell, contract to sell, pledge, grant any
option to purchase, make any short sale or otherwise dispose of any of the
Hanover Stock or any options or warrants to purchase any Hanover Stock , or any
securities convertible into, exchangeable for or that represent the right to
receive such Hanover Stock beginning on the date of the Rights Agreement through
the tenth anniversary of the date of the Rights Agreement.
In addition, the Rights Agreement specifies that neither STC nor any of its
affiliates shall, without the prior written consent of Hanover, (i) seek or
cause or participate in any transaction which would cause STC and its affiliates
to own, directly or indirectly, greater than twenty-five percent (25%) of the
shares of Common Stock of Hanover then outstanding, (ii) make any public
announcement with respect to, or submit a proposal for, any extraordinary
transaction involving Hanover, (iii) form or join in any group with respect to
the matters set forth in (i) above, or (iv) enter into discussions or
arrangements with any third party with respect to matters set forth in (i) or
advise assist other take any other action with respect to the foregoing.
2. The Purchase Agreement
Pursuant to the Purchase Agreement, Hanover Compression Limited Partnership and
Hanover have agreed to use commercially reasonable efforts to cause WilPro
Energy Services (PIGAP II) Limited to accomplish substantial completion of the
project in accordance with the PIGAP II Services Agreement, dated as of April
16, 1999 between PDVSA PETROLEO Y GAS S.A. and WilPro Energy Services (PIGAP II)
Limited, and any tests necessary for the PIGAP II financing to become
non-recourse to Hanover and its affiliates on or before December 31, 2002. If
such conditions are not met on or prior to December 31, 2002, Hanover
Compression Limited Partnership may force Surenco to repurchase the equity
interest and note purchased from Surenco.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
The following documents are hereby filed as exhibits:
1. Purchase Agreement dated June 28 2001, by and among Schlumberger
Technology Corporation, Schlumberger Oilfield Holdings Limited,
Schlumberger Surenco S.A., Camco International Inc., Hanover Compressor
Company and Hanover Compression Limited Partnership.*
2. Lock-Up, Standstill and Registration Rights Agreement dated August 31,
2001, by and among Schlumberger Technology Corporation, Schlumberger
Oilfield Holdings Limited, Schlumberger Surenco S.A., Camco International,
Inc. and Hanover Compressor Company.*
3. Amendment No. 1 to the Purchase Agreement dated as of August 30, 2001, by
and among Schlumberger Technology Corporation, Schlumberger Oilfield
Holdings Limited, Schlumberger Surenco S.A., Camco International Inc.,
Hanover Compressor Company and Hanover Compression Limited Partnership.*
* Previously filed with the original Schedule 13D on September 10, 2001.
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
OF THE SCHLUMBERGER COMPANIES
Set forth below is the name and present principal occupation or employment of
each executive officer and member of the board of directors of each of the
Schlumberger Companies. The business address for each company is listed below.
NAME AND POSITION PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT CITIZENSHIP
SLB MAILING ADDRESS: SCHLUMBERGER LIMITED
153 EAST 53RD
STREET 57TH FLOOR
NEW YORK, NY 10022-4624
DIRECTORS
Don E. Ackerman Private Investor. Mr. Ackerman's current U.S.A.
business address is Chandelle Ventures, Inc.,
24311 Walden Center Drive, Bonita Springs, FL
34134.
D. Euan Baird Chairman of the Board and Chief Executive U.K.
Officer of Schlumberger Limited. Mr. Baird is
also currently a director of ScottishPower
Plc.,Societe Generale Group, CEA-Industrie and
a trustee of Haven Capital Management Trust.
John Deutch Institute Professor, Massachusetts Institute of U.S.A.
Technology, Cambridge, Massachusetts. Mr.
Deutch is also a director of Citigroup, CMS
Energy Corp., Cummins Engine Company Inc.,
ARIAD Pharmaceuticals and Raytheon Corporation.
Mr. Deutch's current business address is
Massachusetts Institute of Technology, Room
6-208, 77 Massachusetts Avenue, Cambridge, MA
02139.
Victor E. Grijalva Vice Chairman of Schlumberger Limited. Mr. Ecuador
Grijalva is also currently Chairman of the
Board of Directors of Transocean Sedco Forex, Inc.
Andre Levy-Lang Private Investor. Mr. Levy-Lang is also a France
director and member of the compensation
committee of AGF and a director of Dexia.
Mr. Levy-Lang's current business address is 23,
boulevard Jules Sandeau, 75116, Paris, France.
John C. Mayo Private Investor. U.K.
William T. McCormick, Jr. Chairman and Chief Executive Officer of CMS U.S.A.
Energy Corp., Dearborn, Michigan. Mr.
McCormick is also a director of Bank One, Inc.
and Rockwell International Inc.
Mr. McCormick's current business address is CMS
Energy Corporation, Fairlane Plaza South, 330
Town Center Drive, Suite 1100, Dearborn, MI
48126.
Didier Primat President of Primwest Holdings N.V., Curacao, France
Netherlands Antilles. Mr. Primat's current
business address is PRIMWEST, 210 Route de
Jussy, CH-1243 Presinge/Geneva, Switzerland.
Nicolas Seydoux Chairman and Chief Executive Officer of France
Gaumont, Paris, France. Mr. Seydoux's current
business address is 30, Avenue Charles de
Gaulle, 92200, Neuilly-sur-Seine, France.
Linda Gillespie Stuntz Partner of the law firm Stuntz, Davis & U.S.A.
Staffer, P.C., Washington, D.C. Ms. Stuntz is
also a director of American Electric Power
Company, Inc., and is chairman of its finance
committee and a member of its Executive,
Directors and Public Policy Committees.
Ms. Stuntz's current business address is
Stuntz, Davis & Staffier P.C., 1275
Pennsylvania Avenue, N.W., 9th Floor,
Washington, D.C., 20004.
Sven Ullring Independent Advisor, Hovik, Norway. Mr. Norway
Ullring also currently serves as the Chairman
of the Supervisory Boards of Norsk Hydro and
Storebrand and a member of the supervisory
board of ABB Norway. Mr. Ullring is also a
member of the Board of Keppel Corporation in
Singapore, Chairman of the Board of the
Foundation for Business and Sustainable
Development and Chairman of the Norweigian Oil
Industries Forum in Oslo Norway. Mr. Ullring's
current business address is Elisenbergvn. 5, 6
etg., N-0265, Oslo, Norway.
Yoshihiko Wakumoto Executive Director of the Japan Foundation Japan
Center for Global Partnership. Mr. Wakumoto's
current business address is The Japan
Foundation Center for Global Partnership, ARK
Mori Bldg. 20F, 1-12-32 Akssaka, Minato-ku,
Tokyo 107-6021, Japan
EXECUTIVE OFFICERS
------------------
D. Euan Baird Chairman of the Board and Chief Executive Officer U.K.
Pierre E. Bismuth Vice President, Personnel France
Mark Danton Vice President, Director of Taxes U.K.
Andrew Gould Executive Vice President, Oilfield Services U.K.
Victor Grijalva Vice Chairman Ecuador
James L. Gunderson Secretary and General Counsel U.S.
Phillipe Lacour-Gayet Vice President and Chief Scientist France
Jack Liu Executive Vice President and Chief Financial
Officer C U.S.A.
Jean-Dominique
Percevault Vice President, European Affairs France
Jean-Marc Perraud Controller and Chief Accounting Officer France
Irwin Pfister Executive Vice President, SchlumbergerSema U.S.A.
Michel Soublin Treasurer France
MAILING ADDRESS: SCHLUMBERGER TECHNOLOGY CORPORATION
STC 300 SCHLUMBERGER DRIVE
SUGAR LAND, TX 77478
DIRECTORS
---------
David S. Browning VP, Secretary & General Counsel U.S.A.
Gary Kolstad OFS GeoMarket Manager, US Land U.S.A.
Arthur Lindenauer Chairman, STC U.S.A.
Rex Ross President, North & Central America
SchlumbergerSema U.S.A.
OFFICERS
--------
Arthur Lindenauer Chairman, STC U.S.A.
Vacancy President N/A
David S. Browning Vice President U.S.A.
Roseline Chapel-Delayne Vice President and Controller France/USA
Peter A. Goode Vice President Australia
Gary Kolstad Vice President U.S.A.
David Mullen Vice President Ireland
Julio M. Quintana Vice President U.S.A.
William Coates VP & GM Austin Tech Center U.S.A.
Sophie Zurquiyah
Rousset VP & GM Sch Conveyance & Delivery U.S.A./ France
Francois Auzerais VP & GM Sch Doll Research Center France
Joe Goss VP Sch Reservoir Completions Center U.S.A.
David Malone VP Sch Reservoir Completions Center U.S.A.
Stuart Jardine VP Sugar Land Product Center UK
Tom Zimmerman VP Sugar Land Product Center U.S.A.
David S. Browning Secretary U.S.A.
Terry D. Keller Treasurer U.S.A.
SURENCO
MAILING ADDRESS: SCHLUMBERGER SURRENCO, S.A.
8 CALLE AQUILLINO DE LA GUARDIA
PANAMA CITY, REPUBLIC OF PANAMA
DIRECTORS
---------
Brendan Connolly OFS GeoMarket Mgr. - VTT U.K.
Joseph Kantarjian OFS GeoMarket Controller - VTT Lebanon/
Venezuela
Orlando Vaca VTT Personnel Mgr Bolivia
OFFICERS
--------
Brendan Connolly President U.K.
Orlando Vaca Vice President Bolivia
Jean-Francois Bauer Secretary France
Joseph Kantarjian Treasurer Lebanon/
Venezuela
SOHL MAILING ADDRESS: SCHLUMBERGER OILFIELD HOLDINGS LIMITED
CRAIGMUIR CHAMBERS, P.O. BOX 71
ROAD TOWN, TORTOLA, BVI
DIRECTORS
---------
Glen Beadon Operations Mgr Anadrill - VTT Trinidad/
Venezuela
Joseph Kantarjian OFS GeoMarket Controller - VTT Lebanon/
Venezuela
Khalid M. Nouh Business Manager, Reservoir Evaluation Saudi Arabia
OFFICERS
--------
Khalid M. Nouh President Saudi Arabia
Joseph Kantarjian Treasurer Lebanon/
Venezuela
CII
---
MAILING ADDRESS: CAMCO INTERNATIONAL INC.
7030 ADRMORE STREET
HOUSTON, TX 77054
DIRECTORS
---------
David S. Browning Vice President and Secretary & General Counsel
of STC U.S.A.
Arthur Lindenauer Chairman - STC U.S.A.
OFFICERS
--------
Rene J. Huck President and Chief Executive Officer France
Lias J. Steen Vice President U.S.A.
John D. Deane Vice President Drilling Technology U.S.A.
Lias J. Steen Secretary & General Counsel U.S.A.
Allen Wienecke Treasurer U.S.A.
OSI MAILING ADDRESS: OPERATIONAL SERVICES, INC.
----- 300 SCHLUMBERGER DRIVE
SUGAR LAND, TX 77478
DIRECTORS
---------
Antonio Campo President, IPM Columbia
Kenneth Trice President, OSI U.S.A.
OFFICERS
--------
Kenneth Trice President U.S.A.
Antonio Campo Vice President Columbia
Kenneth Trice Secretary U.S.A.
Ann Bruso Webb Assistant Secretary U.S.A.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
SCHLUMBERGER LIMITED SCHLUMBERGER OILFIELD HOLDINGS LTD.
By: /s/ VICTOR GRIJALVA By: /s/ JOSEPH KANTARJIAN
-------------------------------- ----------------------
Name: Victor Grijalva Name: Joseph Kantarjian
Title: Vice Chairman Title: Director and Treasurer
SCHLUMBERGER TECHNOLOGY CORPORATION SCHLUMBERGER SURENCO S.A.
By: /s/ PETER A. GOODE By: /s/ ORLANDO VACA
-------------------------------- -----------------
Name: Peter A. Goode Name: Orlando Vaca
Title: Vice President Title: Vice President
CAMCO INTERNATIONAL INC. OPERATIONAL SERVICES, INC.
By: /s/ LIAS J. STEEN By: /s/ KENNETH TRICE
-------------------------------- ------------------
Name: Lias J. Steen Name: Kenneth Trice
Title: Vice President Title: President