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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: mph who wrote (9183)1/22/1998 10:45:00 AM
From: The Perfect Hedge  Read Replies (3) of 95453
 
From SLB;
>>Chairman and Chief Executive Officer Euan Baird commented: ''The strength of the results for 1997
speak for themselves as our oilfield revenue increased much faster than the average E&P spending of
the oil companies. Our clients have budgeted a further increase in E&P spending of 10% in 1998.
However, their plans may be modified when the impact of the economic problems in Asia on oil
demand can be evaluated<<
GD
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