Schlumberger makes Eastern Echo offer

Schlumberger has offered to acquire all the shares in Eastern Echo Holding Plc. Schlumberger already holds a share purchase agreement with Eastern Echo's largest shareholder.
Nov. 6, 2007

Offshore staff

HOUSTON –Schlumberger has offered to acquire all the shares in Eastern Echo Holding Plc. Schlumberger already holds a share purchase agreement with Eastern Echo's largest shareholder.

Eastern Echo has four 3D seismic vessels under construction in Spain, two scheduled to build in Dubai, and options for two more vessels.

"The potential acquisition of Eastern Echo will further boost our plans to meet continuing substantial demand for market-leading WesternGeco Q-Marine* seismic technology services," says Andrew Gould, Schlumberger chairman and CEO.

11/06/2007

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