From the SLB earning CC transcript on Seeking Alpha:
So we expect to see strong growth in all the international shale plays
for us in 2012. The work is still going to be around evaluation and
pilot projects in general. But I mean, it's still going to represent
very good growth for us. And I think the 2 markets that is going to take
off the fastest, I would say, it would be Argentina and China.
So...maybe the lack of new information on the China properties is good news. Maybe they are holding back the updates while they attempt to expand their concession in China??? Remember they said they were "evaluating" China for several quarters and then....nothing since and frustrating to me no analyst has asked.
If it was a bust, it seems like they would say so and move on. They have before.