Thursday, January 30, 2025

Low Investment has Led to Unsustainable Production Management – Schlumberger

 “The current situation is not sustainable” – Schlumberger CEO Paal Kibsgaard Production has held up well over the downcycle, but headline numbers of absolute production volume are masking an underlying problem that could soon hit the oil and gas industry, according to Schlumberger (ticker: SLB) Chairman and CEO Paal Kibsgaard. Underinvestment over the last three years means production is not