There was hope late 2016 which NAM growth by 30% will help slb and slb will have its own share of this growth. Of course majority of contracts were already awarded to legacy NAM player,HAL....
Only few left over dirty jobs given to slb.
Majoriry of 2017 contracts in slb are inter segments contracts with no actual value to ofs. When ofs isnt able to bring in new contracts, pocket to pocket transfers will drain.
Software segments still profitable but they have been having difficulties to catch up with competitors mainly because of poor competency and lack of technology obsolescence process.
Originally at @OcTBmxK-1bzx. This pretty much sums up why Schlumberger's prospects are so bleak.