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Schlumberger wins extensive service contract for Uganda oil development

Mar. 08, 2022 8:28 AM ETSchlumberger Limited (SLB)TTEBy: Carl Surran, SA News Editor5 Comments

Oil Field Worker

dgdimension/iStock via Getty Images

Schlumberger (NYSE:SLB) +2.3% pre-market after saying it was awarded an extensive contract for drilling, completions and production services by TotalEnergies (NYSE:TTE) for its Tilenga onshore oil development in Uganda.

Schlumberger says the scope of the

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Comments (5)

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Call it what you want, but they have a large amount of business in Russia. And, they are the premier oil service company, but even the French may have to step away from Russia.
dlevine007 profile picture
I think that SLB is just getting started. I know they are a smaller company than during the last big up cycle but I could see $70-80
A share
Would expect new drilling everywhere except Russia and US. US after 11/24.
cenc profile picture
long SLB. someone is going to drill something.
Convoluted profile picture
I commented a few weeks ago that this stock is the most undervalued in the Cosmos. I will allow, however, that in an infinite universe, it must be the case that it’s trading at $90 somewhere.
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