Schlumberger sees North American oil activity growing faster than expected

(Reuters) - Top oilfield services company Schlumberger on Wednesday said North American oil and gas activity was growing at a faster pace than expected, as customers have largely shrugged off concerns about a looming recession.

Oil and gas producer customers were more concerned with securing equipment and operational performance than a sudden drop in oil prices or potential recession, Schlumberger Chief Executive Olivier Le Peuch said at a conference on Wednesday.

(Reporting by Liz Hampton in Denver; Editing by Edmund Blair)

By Liz Hampton