SLB: A Coalition Deal In Russia
Posted on October 14, 2010 at 16:05 PM EDT
Schlumberger Limited (NYSE:SLB) and Eurasia Drilling Co. (Russia’s major oil and gas driller) have joined hands for an asset swap deal and a strategic coalition in Russia. Under the terms of the deal, Schlumberger will sell all its drilling, sidetrack and workover rigs operating in West Siberiato Eurasia. On the other hand, Eurasia will offload [...]