Iraq will be one of the main revenue contributors to Schlumberger‘s Middle East operations and will be bigger than most of the company’s other markets in the region with the exception of Saudi Arabia, Chief Executive Andrew Gould (pictured) told the Financial Times on Tuesday.
“Next year Iraq will be really big“, said Gould.
The company has five rigs actively drilling, for BP and ExxonMobil among others, and will have 10 in operation by early next year. It has 450 employees on the ground and expects the number to rise to 900 by the end of the year.
(Source: Financial Times)