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Schlumberger acquires a stake in Russia’s Eurasia Drilling

21 Jan 2015

Schlumberger Ltd, one of the world’s largest oil-services company, has agreed to acquire a minority stake in Eurasia Drillng Co., Russia’s largest onshore drilling firm, for $1.7 billion.

This deal will extend Schumberger’s strategic alliance between the two companies that has been in place since 2011.
This will also enable the two to work together to deploy a range of drilling and well-engineering services to customers in the Russian conventional drilling market.