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BRIEF-Schlumberger CEO says Q1 N.America activity below expectations
March 18, 2013 / 1:35 PM / 5 years ago

BRIEF-Schlumberger CEO says Q1 N.America activity below expectations

March 18 (Reuters) - Schlumberger NV : * CEO says international unconventional resource plays to become more

meaningful in 2nd half of this decade * CEO says Saudi Arabia rig count set to reach around 170 by end of 2013 - text

of speech * CEO says says expects to generate $600 million in revenue in Iraq this year,

with good profitability - text of speech * CEO says strongest growth in China to come from offshore areas and complex

conventional land projects - speech * CEO says Q1 North America activity below expectations as customers reactivate

fewer rigs than expected - speech * CEO says sees negative pricing pressure in many North America product lines,

reinforcing unclear outlook on land * CEO says Gulf of Mexico activity temporarily impacted by delay with

replacement of subsea connector bolts

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