OSLO, Feb 28 (Reuters)– The choice by Schlumberger, the globe’s biggest oil solutions company, to leave the overseas seismic section was a “massive signal” to oil companies regarding future difficulties, the chief executive officer of seismic property surveyor Shearwater Geoservices stated on Wednesday:.

* “The exit of Schlumberger, which has been one of the biggest drivers of new (seismic) technology developments, makes oil companies concerned, and they rightly should be,” Irene Waage Basili stated on the sidelines of an oil seminar * Seismic property surveyors draw up the seabed for oil as well as gas down payment in support of oil business. They are necessary to any kind of overseas expedition strategies

* Schlumberger introduced in January prepares to leave the overseas as well as onshore seismic procurement market as a result of weak returns.

* “This could create a problem for oil companies in the future… They will have to do it (develop new technology) themselves or ensure that geophysical service companies can make sufficient margins to defend long-term investments,” she stated

* Earlier on Wednesday, the chief executive officer informed the seminar she anticipated day prices for working with seismic vessels to boost by about 10 percent in 2018 as well as around the very same in 2019

* “It’s my best guess, but vessel utilisation is more important than day rates. If we get higher utilisation, day rates could be lower,” she informed Reuters (Reporting by Nerijus Adomaitis, modifying by Gwladys Fouche)

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