Schlumberger

Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially …

Infinity system degrades completely, leaving fullbore access without the need for intervention for faster production Schlumberger announced today the release of the Infinity* dissolvable plug-and-perf system. This unique solution uses fully degradable fracture balls and fully degradable seats instead of plugs to isolate zones during well stimulation. “Operators are continuously …

Eurasia Drilling Company Limited announced that it had agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited, a company formed by one of the Participants solely for the purposes of the Merger, under the provisions …

It is less than a month till call for papers deadline – 10 March 2015. The Society of Petroleum Engineers invites industry experts to take part in the SPE Russian Petroleum Technology Conference (26-28 October 2015, InfoSpace, Moscow, Russia). The full list of opportunities for papers submission is available at …

Following this morning’s announcement of Eurasia Drilling’s take private and Schlumberger’s US$1.7 billion investment in the Company post transaction, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented, “This is a real vote of confidence by a major global company in Russian growth opportunities and the fundamentals of the oil …

Update 25/9/15 Eurasia Drilling Company Limited announces that Schlumberger B.V. has advised the Company that SLB will not extend the long-stop date for completion of the proposed merger between the Company and EDC Acquisition Company Limited (“EACL”) and the related transaction with SLB (the “Transaction”) after 30 September 2015. The …

Houston, January 15, 2015—Schlumberger Limited today reported results for the full-year and fourth-quarter 2014. Full-year results are shown here. – Fourth-quarter revenue of $12.6 billion increased 6% year-on-year – Fourth-quarter EPS of $1.50, excluding charges and credits, grew 11% year-on-year – Board approves 25% increase in dividend, effective April 10, …

ERIELL Group and Schlumberger today announced the successfully completion of the construction of a 4245 m horizontal well in the Samburgskoye field using the latest rotary steerable system (RSS) from Schlumberger. The combination of the new PowerDrive Orbit vorteX RSS with a customized Smith polycrystalline diamond compact (PDC) bit and …

Previously, Dolphin announced that a selection of next generation streamer technology would be made in 2014. Based on thorough evaluation, Dolphin has selected the proven WesternGeco Q-Marine* point-receiver marine seismic system for the Polar Empress. This purchase of the Q-Marine system is a first step towards a potential opportunity for …

The Society of Petroleum Engineers recognized regional members for service and leadership at an awards ceremony at its inaugural Caspian Technical Conference and Exhibition (CTCE) this week. The award recipients for Russia and the Caspian are: · Completions Optimisation and Technology Award: Sergei Vereschagin, Schlumberger · Distinguished Achievement Award for …