PARIS - Monday, April 1st 2013 [ME NewsWire]
(BUSINESS WIRE/ME
NewsWire)-- Schlumberger CEO Paal Kibsgaard commented, “In Venezuela, after
meetings with PDVSA, the collections have improved to the point that we will
recognize all revenue associated with our first-quarter operations. We further
expect to finalize a new payment agreement with PDVSA and
we anticipate ramping up activity to meet the current and future needs of
PDVSA's development and production plans, thereby continuing our commitment to
Venezuela.”
About Schlumberger
Schlumberger is the world’s leading
supplier of technology, integrated project management and information solutions
to customers working in the oil and gas industry worldwide. Employing more than
118,000 people representing over 140 nationalities and working in approximately
85 countries, Schlumberger provides the industry’s widest range of products and
services from exploration through production.
Schlumberger Limited has principal
offices in Paris, Houston and The Hague, and reported revenues of $42.15
billion in 2012. For more information, visit www.slb.com.
This press release and other
statements we make contain “forward-looking statements” within the meaning of
the federal securities laws, which include any statements that are not
historical facts, such as our forecasts or expectations regarding business
outlook; increased activity in certain areas of the world; the business
strategies of Schlumberger’s customers; future global economic conditions; and
future results of operations. These statements are subject to risks and
uncertainties, including, but not limited to, changes in exploration and
production spending by Schlumberger’s customers and changes in the level of oil
and natural gas exploration and development; delays in collections of
receivables; general economic, political and business conditions in key regions
of the world; operational delays; and other risks and uncertainties detailed in
our most recent Form 10-K and other filings that we make with the Securities
and Exchange Commission. If one or more of these or other risks or
uncertainties materialize (or the consequences of such a development changes),
or should our underlying assumptions prove incorrect, actual outcomes may vary
materially from those reflected in our forward-looking statements. Schlumberger
disclaims any intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events or otherwise.
Contacts
Schlumberger Limited
Malcolm Theobald, Vice President of
Investor Relations
or
Joy V. Domingo, Manager of Investor
Relations
+ 1 (713) 375-3535
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