Schlumberger buys stake in Russian drilling firm

Oilfield services firm Schlumberger is buying a minority stake in a Russian drilling firm. It is taking a 45.65% share of the Eurasia Drilling Company (EDC) which is the largest provider of onshore drilling services in Russia. The deal sees roughly $1.7 billion (£1.1bn) changing hands, including the cost of a “call option” which would […]