Schlumberger Limited (NYSE:SLB) is evaluating options for divesting seismic-shooting unit. Schlumberg has decided to exit the land and marine seismic acquisition business, which has been battered by the downturn and faces an uncertain future. The business segment is the only product line that fails to meet future return expectations, according to Schlumberger Chief Executive Officer Paal Kibsgaard. “This has not been an easy decision to make. But following a careful evaluation of the current market trend, our customers’ buying habits and our current and projected financial return, it is an unfortunate and inevitable outcome,” Kibsgaard said. Schlumberger’s marine and land seismic acquisition services are offered through WesternGeco, Ltd. “Given the financial state of the other seismic acquisition players and the absence of a clear line of sight for a recovery in the seismic market we are prepared for the divestiture process to take some time and that we may end up selling our acquisition business to a new market entrant,” Kibsgaard said.