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
investor-relations@slb.com
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