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Schlumberger Sees Payment Delays in Mexico Despite Oil Recovery

  • World No. 1 contractor working to collect about $500 million
  • Mexico was Schlumberger’s top accounts-receivable in 2020
Offshore Oil Production In Nigeria's Agbami Deepwater Oilfield

Photographer: George Osodi/Bloomberg

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.”