According to SLB's statement, why will it take time for full production capacity to return to the Middle East?

SLB stated that the timing of a full recovery in the Middle East remains uncertain and 'will depend on a durable resolution of the US-Iran conflict.' The company emphasized that 'as activity improves, we expect the return to full production capacity to take time,' linking the delay directly to geopolitical instability rather than technical or logistical constraints.

How is the US-Iran conflict affecting oilfield services demand outside the Middle East, according to SLB?

According to SLB's statement, the US-Iran conflict is 'encouraging customers to spread investment across more regions,' which is supporting demand for deepwater drilling, exploration, and projects aimed at increasing production from existing fields — indicating a strategic geographic diversification of upstream spending driven by geopolitical risk aversion.

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SLB anticipates a prolonged recovery in Middle East oil production due to US-Iran conflict, prompting clients to diversify investments into deepwater drilling and exploration projects globally.

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SLB Sees Growth Broadening Beyond Mideast as Recovery Takes Time

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