Schlumberger taking controlling interest in EDC

Schlumberger has agreed to acquire a majority (51%) interest in Eurasia Drilling Co., subject to approval by the Federal Antimonopoly Service of Russia.

Offshore staff

LONDONSchlumberger has agreed to acquire a majority (51%) interest in Eurasia Drilling Co. (EDC), subject to approval by the Federal Antimonopoly Service of Russia (FAS).

The agreement will extend the relationship between the two companies that started in 2011.

EDC is an offshore and onshore drilling and well services contractor operating in the Caspian Sea andRussia.

07/26/2017

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