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SLB CEO Expects More Investments in Exploration Once Middle East Conflict Subsides

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-- SLB (SCL.F) Chief Executive Officer Olivier Le Peuch expects additional investments in exploration following the conflict in the Middle East, particularly the US-Israeli war with Iran, Reuters reported April 24.

Le Peuch said additional investments will stem from many countries' prioritization of supply diversification. He expects projects, including deepwater offshore developments in North America and Latin America, to benefit from the anticipated trend.

The oilfield services company's chief also expects oil prices to increase following the war, compared with levels before it broke out.

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