Schlumberger, the world’s biggest oilfield contractor, said it’s working to collect payment of roughly half a billion dollars from its top customer in Mexico.
“At times in recent periods, Schlumberger has experienced delays in payments from its primary customer in Mexico,” the Houston- and Paris-based company said Wednesday in a federal filing. “Schlumberger’s receivables from its primary customer in Mexico are not in dispute and Schlumberger has not historically had any material write-offs due to uncollectible accounts receivable relating to this customer.”
