Oil services firm Schlumberger Ltd. (SLB) moved 17 drilling rigs into southern Mexico during the second half of 2007, expanding the firm's strong presence in the Mexican oil services market.
Large start-up costs at two projects eroded Schlumberger's operating margins for Latin America in general in the fourth quarter, Schlumberger Chairman and Chief Executive Andrew Gould said during a Friday conference call.
Schlumberger is a major supplier of equipment and services to Mexico's state- owned oil monopoly Petroleos Mexicanos, or Pemex. In 2007 Schlumberger and construction company ICA Fluor won a $1.4 billion contract to develop the Chicontepec field, which stretches across the states of Veracruz and Puebla.
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2 comments:
Don't forget labels and a visual.
Please put the significance after the link.
Okay. Sorry, I guess I forgot. It was late but that was my fault for putting it off. It won't happen again.
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