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Interview with Eldad Weiss, CEO Paradigm Group

GX Technology, Houston, USA

The first 20% of the full text of this article appears below.

Eldad Weiss

How do the high current oil prices influence your business?

I don't think that at this stage the oil prices actually change much for our company. There is a general maturity in the marketplace, and people are looking to invest in exploration and in advanced technology, but I don't necessarily see people rushing in to spend money just because oil prices are high. There is general skepticism about what an increase in exploration budgets can contribute to oil companies' bottom line in the short term. I still see the main business drivers as the ongoing pressure to optimize business, reduce cycle times, and offer higher productivity solutions, and not necessarily high oil prices.

Why is that service companies deliver so many quality products to enhance the E&P bottom line of oil companies, and yet they seem to get a fraction of the . . . [Full Text of this Article]