Schlumberger: oil prices will remain for a long time on average

Schlumberger: oil prices will remain for a long time on average


Executive Vice-President of the world’s largest oil services company Schlumberger Ashok Belanov believes that oil production volumes from the Eagle Ford deposits in the U.S. may be reduced if prices remain at current levels.

LONDON, 6 Oct. Maria Tobacco, Elena Gordeeva. Executive Vice-President of the world’s largest oil services company Schlumberger Ashok Belanov forecasts the same for a long period of oil prices of an average level.

“I rather expect average oil prices over a longer time than low,” said Belanov, speaking Tuesday at the Oil&Money conference in London.

According to him, the oil production volumes from the Eagle Ford deposits in the U.S. may be reduced if prices remain at current levels.