SOURCE: Industrial Info Resources

March 14, 2007 06:30 ET

Scarce Skills and Resources Pressure Projects as Oil Industry Moves East, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA -- (MARKET WIRE) -- March 14, 2007 -- Researched by Industrial Info Resources (Sugar Land, Texas). Many young people believe that supplies of oil were nearly exhausted and were reluctant to enter an industry that would end before they reached retirement age, said Andrew Gould, chairman and chief executive of Schlumberger (NYSE:SLB), while speaking at the 15th Middle East Oil and Gas Show in Bahrain. "We have to convince them that we are a long, long way from exhausting our oil supplies and that they will have a long life in the industry," he added.

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