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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Schlumberger Ltd | NYSE:SLB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.83 | -1.89% | 42.98 | 43.46 | 42.61 | 43.46 | 12,740,546 | 00:57:59 |
From Jun 2019 to Jun 2024
Oil-services giants Weatherford International Ltd. (WFT), Halliburton Co. (HAL) and Schlumberger Ltd. (SLB) have submitted proposals for a natural-gas drilling contract in Mexico's Burgos basin, said state-run Petroleos Mexicanos on Wednesday.
Two Mexican companies, Industrial Perforadoa de Campeche and CCC Fabricantes y Construcciones, also submitted proposals. Pemex, as the state-run oil company is known, is looking to boost natural-gas output at Burgos, which pumped 22% of Mexico's gas in May.
The three-year contract is scheduled to start in mid-August, according to documents on Compranet, the government procurement Web site.
Mexico is increasing oil investments this year, even though prices have fallen compared with 2008, providing opportunities to major oil-service firms at a time when most oil companies are slashing budgets to adjust to lower prices.
Mexico is spending heavily to reverse a decline in oil production and expand natural-gas output. The company expects to increase capital expenditures by about 10% this year to $20 billion.
-By Peter Millard, Dow Jones Newswires; 5255-5001-5724; peter.millard@dowjones.com
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