Schlumberger starts staffing in Iraq: report

NEW YORK (BestGrowthStock) – Schlumberger Ltd (SLB.N: ) has begun staffing an operation in Iraq, one of the first such moves by a Western energy company in decades, according to The Wall Street Journal.

The world’s largest oilfield service company is finishing work on a 40-acre compound near Basra, the Journal said.

Schlumberger told the Journal it expected to have 300 employees there by July and almost 600 by the end of the year.

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(Reporting by Helen Chernikoff; Editing by Gary Hill)

Schlumberger starts staffing in Iraq: report