Key Energy Services: Sells Russian Well Intervention Business

Key Energy Services, Inc. has closed on the sale of its well intervention business in Russia (“Russian Business”) to an undisclosed buyer for an undisclosed amount.

Key’s President and Chief Executive Officer, Robert Drummond, stated, “The sale of Key’s Russian Business marks the culmination of the strategic initiative set forth in early 2015 to fully-exit markets outside of the U.S. This is an important milestone in Key’s history and further solidifies our commitment to our customers as a leading U.S.-focused production services company.”