Schlumberger Ltd., the world's largest oilfield services company, says it's eliminating up to 1,000 jobs in North America, or about 5 percent of its work force, and is looking at cuts elsewhere globally.
Schlumberger and other service companies have seen business fall off as crude prices have tumbled and producers large and small scale back operations.
"We do expect reductions in other parts of the world, but I have no specifics in terms of timing or numbers," spokesman Stephen Harris said Thursday.
The company, whose principal offices are in Houston, Paris and The Hague, employs 19,000 in North America and 84,000 worldwide.
Oil companies hire service providers like Schlumberger and rival Halliburton Co. for a variety of well-site jobs that can include seismic tests, directional drilling and reservoir management.
Via Yahoo
Schlumberger and other service companies have seen business fall off as crude prices have tumbled and producers large and small scale back operations.
"We do expect reductions in other parts of the world, but I have no specifics in terms of timing or numbers," spokesman Stephen Harris said Thursday.
The company, whose principal offices are in Houston, Paris and The Hague, employs 19,000 in North America and 84,000 worldwide.
Oil companies hire service providers like Schlumberger and rival Halliburton Co. for a variety of well-site jobs that can include seismic tests, directional drilling and reservoir management.
Via Yahoo
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