Permian Constraints Slow Schlumberger as International Revenue Eclipses North America

摘要

For the first time in more than two years, Schlumberger Ltd.’s revenues were stronger from its international operations than in North America, where “reservoir-and production-related challenges” are emerging, CEO Paal Kibsgaard said Friday. Takeaway constraints in North America, particularly in the Permian Basin, should be resolved within the next year to 18 months, but growing onshore challenges could hinder even the most optimistic projections for domestic oil production, he said during a conference call to discuss third quarter results.