Tuesday, Jun 28, 2011
LONDON (Dow Jones)--Iraq will be one of the main revenue contributors to Schlumberger AG's (SLBS.VI) Middle East operations and will be bigger than most of the company's other markets in the region other than Saudi Arabia, the Financial Times reports Tuesday, citing an interview with Chief Executive Andrew Gould.
"Next year Iraq will be really big," said Gould.
The oilfield services giant has five rigs actively drilling, for BP PLC (BP) and ExxonMobil Corp. (XOM) among others, and will have ten in operation by next year. It has 450 employees on the ground and expects the number to rise to about 900 by the end of the year, the FT says.
-By Alexis Flynn, Dow Jones Newswires; +44 207842 9471, alexis.flynn@dowjones.com
(END) Dow Jones Newswires
28-06-11 0737GMT
