Schlumberger Pulls Out of Eurasia Drilling Deal on Obstacles

Updated on
  • Lack of regulatory approvals stalled the $1.7 billion deal
  • Company will focus on other acquisition opportunities

Schlumberger Ltd. will not pursue a $1.7 billion agreement to buy a minority stake in Russia’s largest driller Eurasia Drilling Co. beyond Sept. 30 after a lack of regulatory approvals stalled the deal.

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