Schlumberger said it has "offers in hand" for a shale asset in Argentina where it took an equity stake a couple of years ago, writes Kathrine Schmidt.
The oil services giant in 2017 was reported to have signed a $390 million deal to partner with state oil company YPF on the Bandurria Sur block.
"We have made progress in our divestiture of [the] Argentina asset as we have a few offers in hand," Schlumberger chief executive Oliver Le Peuch told analysts on a conference call, saying the company expected the results to be reflected in 2020.
