Schlumberger Updates Activity Outlook
10 Junho 2010 - 6:00PM
Business Wire
Schlumberger Limited (NYSE:SLB) announced today the effect on
its US operations following the recently announced six-month
Minerals Management Service (MMS) moratorium on certain drilling
operations in the US Gulf of Mexico and on other matters relating
to its North American operations.
Schlumberger Oilfield Services revenue attributable to the US
Gulf of Mexico represented approximately 3.5% of consolidated
Schlumberger revenue for the year ended December 31, 2009. In
addition, WesternGeco US Gulf of Mexico revenue amounted to
approximately 1.8% of consolidated revenue. The majority of these
revenues related to the high-technology services and products
deployed in deepwater operations.
Schlumberger Chairman and Chief Executive Officer Andrew Gould
commented, “While the moratorium will impact on-going business
activities, Schlumberger’s priority is to support its customers and
employees as they safely wind down affected operations. The initial
impact of the moratorium is subject to considerable uncertainty as
our customers react to a sudden change in their operating plans
and, consequently, we are assessing how to optimally redeploy
skilled staff and available equipment to maintain operational
flexibility.
In addition, as we have previously disclosed, and prior to
recent events in the US Gulf of Mexico, our North America Land
operations were undergoing a review to provide consistent response,
enhanced reliability and greater operational efficiency. This
review will now be accelerated and will take into consideration the
impact of the drilling moratorium in the US Gulf of Mexico. Any
charges associated with the resulting actions will be taken as
early as the third quarter of 2010.
While the major impact of this moratorium will be seen in the US
Gulf of Mexico, we can assume that other worldwide operations will
see some more limited effects. Operators and regulatory bodies
around the world will proceed with greater caution until the causes
of the Deepwater Horizon tragedy are better understood and we have
already seen instances of this. However, while the drilling
moratorium in the Gulf of Mexico will present the deepwater
industry with a challenging period, in the longer term deepwater
production will remain an important source of future global oil
supply.”
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
approximately 83,000 people representing over 140 nationalities and
working in more than 80 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. For more information, visit www.slb.com.
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