Oil market investment needed soon to balance market -Schlumberger CEO

September 26, 2016 12:30 pm


Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Kibsgaard told a conference in Dubai on Monday.

 

The medium- to long-term oil environment will remain subject to periods of volatility and the industry may see fewer and larger service operators in the future, the oilfield services company boss said.

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