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Schlumberger NV, the world’s largest oilfield services company, has agreed to buy a 51% stake in Russia’s biggest oilfield services firm Eurasia Drilling Co. (EDC), the Russian company said late on July 20.
The extended global downturn took the oil and gas service sector below the economic waterline for two long years. As pricing optics improve, executives from two of the world’s largest service providers discuss lessons learned and where we’re going from here.
The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.