Spending in North American EP will be less robust this year

摘要

Schlumberger CEO Paal Kibsgaard said during his company's 1Q earnings call that he anticipates EP spending in the Nortii American upstream realm to decline 10 this year from 2018 levels due to a higher cost of capital,lower borrowing capacity,and investors looking for increased returns(defined by cash flow).“Nortii America land activity is set for lower investments with a likely downward adjustment to die current production growth outlook.”