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OakesCS

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OakesCS

Re: None

Wednesday, 09/21/2016 12:37:56 PM

Wednesday, September 21, 2016 12:37:56 PM

Post# of 29247
from the land of slow learners

http://www.reuters.com/article/us-venezuela-pdvsa-contract-idUSKCN11R1NY
Venezuela PDVSA awards $3.2 billion oil service contracts, protest brews

Schlumberger NV, Oklahoma-based contractor Horizontal Well Drillers and Venezuelan contractor Y&V won contracts to service three joint ventures between PDVSA [PDVSA.UL] and foreign partners, PDVSA [PDVSA.UL] said



In April SLB said they were 'paring' operations in VZ due to unpaid bills (which between HAL and SLB had accrued to a tune of nearly $1B since 2006)

I've never seen a SLB new ventures (NV) operation work out well for anyone other than the person running the NV.
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