Schlumberger Announces Agreement to Acquire Majority Share in Eurasia Drilling Company

Agreement extends successful long-term relationship in the conventional land drilling market

Schlumberger announced today an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited.

Closing of the transaction is subject to approval by the Federal Antimonopoly Service of Russia (FAS).

The agreement extends the successful long-term relationship established by the two companies in 2011.