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Schlumberger chief: Oil services crisis isn’t just oil prices

stander
stander
in Oil, Gas and Energy News

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HOUSTON — The oil service industry needs a fundamental shift in the way it approaches working with exploration and production companies if it’s to thrive again, the CEO of Schlumberger warned Monday.

Both services companies and their clients are being held back by an outdated business model that has disconnected service companies from their producer, stifled technological innovation and done little to hold down costs, said Paal Kibsgaard, who holds the top job at Schlumberger.

http://fuelfix.com/blog/2016/03/21/schlumberger-chief-oil-services-crisis-isnt-just-oil-prices/?utm_source=WhatCountsEmail&utm_medium=newsmail_free_fuelfix&utm_campaign=FuelFixNewsLetter

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