Schlumberger maintains 'positive outlook' for international business The company said it has not seen any structural changes to customer plans despite delays experienced in Q3. While it sees current headwinds in Latin America reducing in 2014, the company expects the situation for overall business in region to remain unchanged in Q4. Overall outlook in sub-Saharan Africa remains robust as the urge of rigs into the market continues. Schlumberger sees Russia as one of its fastest growing markets, and expects to upgrade the entire fracking fleet by the end of 2014. Expects $100 per barrel going into 2014 as spare capacity including the shut-in production in Libya remains stable at 4.5M barrels per day. Comments taken from Q3 earnings conference call.
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