Schlumberger targets equipment reliability on par with autos

Newswire

Sept 12 (Reuters) - Schlumberger Ltd plans to make better use of its equipment and ensure a performance quality in line with that of the automotive industry, which would mean a dramatic improvement for the world's largest oilfield services company. As part of a broader corporate push by Chief Executive Paal Kibsgaard to achieve annual earnings per share growth in double digits, he is targeting what he called "five sigma" reliability for all its service lines. ...

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