Schlumberger mulls buying lesser stake in RussiaТs EDC
MOSCOW, Mar 15 (PRIME) -- U.S. oilfield servicing giant Schlumberger is discussing different acquisition options for a stake in RussiaТs Eurasia Drilling Company (EDC), including the purchase of a stake smaller than 51% that the company initially wanted, the Federal Antimonopoly ServiceТs Director Igor Artemyev told reporters on Thursday.
УWe are discussing everything, both a large and a smaller stake,Ф he said.
EDC said in July 2017 that its shareholders approved selling a 51% stake in the company to Schlumberger. In November, the serviceТs Deputy Director Andrei Tsyganov told PRIME that the service and Schlumberger were working on a mechanism to protect the companyТs investment into EDC and of economic interests of Russia in case of new Western sanctions.