Oil Services Giant Schlumberger Contemplates New Investments in Ecuador

(Energy Analytics Institute, Jared Yamin, 2.Oct.2018) — Schlumberger is said to be contemplating “new investments” in Ecuador.

The announcement was revealed after a meeting between Schlumberger Manger Carlos Sarmiento and Ecuador’s President Lenin Moreno, during the latter’s visit to the United States, reported the Ecuadorian daily newspaper El Universo.

Details of the meeting were also revealed in a bulletin from Ecuador’s Secretariat of Communication, which in a short paragraph refers to a comment from Sarmiento — who manages Schlumberger’s operations in Colombia, Ecuador and Peru – that “reaffirmed his confidence in the country, and the commitment to generate new investments.”

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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