Schlumberger still seeking drilling opportunities in Russia - Southern Business Review

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Monday, February 4, 2019

Schlumberger still seeking drilling opportunities in Russia




FILE PHOTO: The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson/File Photo




MOSCOW (Reuters) - U.S. oilfield services giant Schlumberger said on Tuesday it will continue looking for alternative ways to work in Russia’s onshore drilling market despite its bid for Eurasia Drilling Company (EDC) falling apart.


Russia’s Federal Anti-monopoly Service said on Monday that Schlumberger has withdrawn its bid for a stake in EDC, one of the largest private drilling companies in the country.




Reporting by Vladimir Soldatkin; Writing by Katya Golubkova; Editing by Louise Heavens