Arun Jayaram: Great. And just — I want to follow up on this — on performance. How — Olivier, how are your key, call it, NOC partners differentiated in between performance, and call it, the lowest cost bid in terms of tender awards? Are you seeing more direct awards, but how is this — how are the tendering process being impacted by this focus on performance?
Olivier Le Peuch: I think it has been a significant impact. I think if you look at the Kimberlite survey that has been just published. I think we remained the best performance supplier as indicated by the total survey based on technology, based on the delivery, service quality and operational efficiency that we deliver. I think this is recognized. This is leading to either of two things, I would say, direct awards or — and ability to negotiate premium on our service pricing or technology pricing to reflect our differentiation performance. So the industry is measured by performance and we believe that we have set the benchmark and we continue to pursue collectively in our organization through technology, through a process in operational efficiency, through digital operation, so that we can extract this performance and offer it to the customer and they recognize it and give you the premium.
Arun Jayaram: Great. Thanks a lot.
Olivier Le Peuch: Thank you.
Operator: Our next question is from Scott Gruber with Citigroup. Please go ahead.
Scott Gruber: Yes. Good morning. You guys posted some pretty impressive margins in North America last year. Do you think most of the margin benefit overall and the share gain benefit within drilling services from your new strategy has now been captured, does there the market is going to stagnate here onshore for a period. I am just curious about your ability to potentially still deliver exit-to-exit growth onshore in North America or whether the benefits from a share perspective and from a margin perspective that had largely been captured?
Olivier Le Peuch: No. I believe that the market has still room to grow. I believe first from the activity, as I described, albeit I think, it’s very well known that the limited access to the Tier 1 inventory and acreage and the stretch on capacity in the market has created a negative inflection onto the well productivity. But we expect the major, the public to this extent and much less the private to drive the growth this year. In this market, we are well positioned, because we have a technology access model and Fit-for-Basin technology that has in drilling onshore made a performance impact and has been recognized hence has earned a premium. We have a production portfolio — production system portfolio that is set also through our ESP or frac trees to succeed.
So we see further runway both in growth and in margin expansion as the market is still stretched and similar to international market, the market recognizes the opportunity to differentiate to performance, particularly the public company. So our view is that in the North America both land and offshore. There is not only activity-based growth coming this year not to the same magnitude in land market like last year and still support also pricing, considering the stretch and considering the recognized premium on Fit technology and on performance and part and this is true both on land and on offshore environment.
Scott Gruber: Great. No. I appreciate all that color. And then just turning to Russia, you mentioned that Russian activity will be trending lower in 2023. Is that a market comment or does that apply to your activity in the country as well?
