This is a whole different market to the oil & gas business and the potential is just as huge. Arguably, utilities are an even better (more consistent) market as they are "cost pass-through" organizations - the regulators approve the capex and the cost is applied to the utility's customers in their rate structure. Margins are never fantastic in this type of business but they will be substantially better than the sales to Schlumberger, which is essentially just a manufacturing agreement.
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