Schlumberger Russia Update
12 Agosto 2014 - 9:00AM
Business Wire
Based on a high demand for additional information regarding its
business in Russia, Schlumberger Limited (NYSE:SLB) provided the
following third-quarter update today:
In the past week, both the United States and the European Union
(EU) have announced economic sanctions and restrictions relating to
Russia that is affecting its energy, defense and banking sectors.
Schlumberger continues to monitor these events closely to ensure
that our activities and actions are in full compliance with
applicable regulations.
The sanctions are placing some restrictions on the engagement of
certain people and equipment in our Russian operations which in the
short term will have an impact on operational efficiency and costs
in Russia. The financial impact of the sanctions in the third
quarter is limited, and is currently estimated to be up to $0.03 of
earnings per share.
Schlumberger remains confident that we can support our clients
in Russia without material disruption and operations are therefore
being adjusted as necessary in response to the US and EU measures,
while we continue to work closely with our Russian customers.
This press release contains 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 the third quarter. These statements are
subject to risks and uncertainties, including, but not limited to,
global economic conditions; general economic, political and
business conditions in key regions of the world, including in
Russia and the Ukraine; operational delays; production declines;
changes in government regulations and regulatory requirements,
including those related to sanctions; 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.
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 126,000 people representing over 140 nationalities
and working in more than 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,
London and The Hague, and reported revenues from continuing
operations of $45.27 billion in 2013. For more information, visit
www.slb.com.
InvestorsSimon Farrant – Schlumberger Limited, Vice
President Investor RelationsJoy V. Domingo – Schlumberger Limited,
Manager of Investor RelationsOffice +1 (713) 375
3535investor-relations@slb.comMediaJoao Felix – Schlumberger
Limited, Director of External CommunicationsOffice +1 (713) 375
3494jpfelix@slb.com
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