Oilfield giants have new sales pitch
Their message to crude producers halting work in worst downturn in years: 'frack now and pay later'
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Houston
BUSINESS is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later."
The moves by the world's No 1 and No 2 oil services companies show how they are scrambling to book sales of new technologies to customers short of cash after a 60 per cent slide in crude to US$45 a barrel.
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