Drilling and Evaluation
Drilling and Evaluation revenue in the first quarter of 2017 was $1.7 billion, a decrease of $78 million, or 4%, from the fourth quarter of 2016, while operating income was $122 million, a decrease of $126 million, or 51%. These reductions resulted primarily from lower software sales across all regions, as well as lower pricing and decreased fluid sales in the Middle East.
International
International revenue in the first quarter of 2017 was $2.0 billion, an 8% decrease sequentially, resulting primarily from lower activity in completion tools, Landmark, fluid services and project management.
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