Schlumberger's upstream investments

A WEEK after announcing the sacking a further 10,000 workers, the world's largest oilfield services provider has decided to increase its direct exposure to upstream oil and gas by negotiating a position in Ophir Energy's proposed Fortuna floating LNG project offshore Equatorial Guinea.

Schlumberger's upstream investments Schlumberger's upstream investments Schlumberger's upstream investments Schlumberger's upstream investments Schlumberger's upstream investments

Schlumberger's full year 2015 revenue decreased 27% year-on-year to $US35.5 billion ($A50 billion) as its customers slashed investment.

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