Schlumberger reaffirms commitment to Venezuela despite debt concerns

Oilfield services provider Schlumberger has released a statement saying that operations in Venezuela have improved enough for it to recognise all revenue associated with its first quarter operations.

Oilfield services provider Schlumberger has released a statement saying that operations in Venezuela have improved enough for it to recognise all revenue associated with its first quarter operations.

The announcement comes two weeks after the group said it was suffering collection issues in the country and announced plans to reduce activity on a temporary basis.

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