Schlumberger takes stake in Russian driller
Houston (UPI) Jan 20, 2015 - Oil services company Schlumberger said Tuesday it spent roughly $1.7 billion to take a minority stake in a Russian driller, a week after announcing layoffs. The world's largest oil services company said it was taking on a 45.65 percent stake in Eurasia Drilling Co., the largest company of its kind in Russia. The terms of the deal gives Schlumberger the right to buy the rest of the share ... more
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