Schlumberger reduces seismic fleet as deepwater exploration spending falls
The world’s largest oilfield services company Schlumberger has announced it will be reducing its WesternGeco fleet as lower commodity prices lead to short-term cost cutting measures by exploration companies.
According to the company’s President of operations and integration Patrick Schorn Schlumberger will be restructuring WesternGeco marine seismic fleet by retiring older vessels with low towing capacity and high.... Read more »
Posted on : Wednesday , 3rd December 2014