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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