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.
July 26, 2017

Offshore staff

LONDON – Schlumberger 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

Sign up for Offshore eNewsletters

Related

Importance of FSRUs for a dynamic LNG market
Barossa project offshore Australia enters final stretch