President of Schlumberger Paal Kobsgaard forecasts possibility of bankruptcy of oil service companies next year, Schlumberger said.
He believes that in 2016 one should hardly expect improvement of prices for oil services.
Alexander Shokhin, member of Board of Directors of Eurasia Drilling Company (EDC), which Schlumberger wanted to buy, said that Schlumberger got lucky that the deal to buy 46% of EDC shares failed to take place. He explained then that the deal was structured in different conditions – the EDC shares cost $22 then, but now the price dropped to $8-10.
