SLB (former Schlumberger) says in its 2023 results on 19 January that it expects to see “record investment levels in the Middle East extending beyond 2025, with significant expansion in Saudi Arabia, the United Arab Emirates, Iraq and Kuwait.”
Already for 2023 “we achieved our highest-ever revenue in the Middle East, led by impressive growth in Saudi Arabia, the United Arab Emirates, and Egypt & East Mediterranean.” The region was also the star performer for Q4, with revenue up 11% sequentially and 25% year-on-year. SLB has also been the most active of the big services firms in Libya (see p18). (CONTINUED - 369 WORDS)
