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Weatherford Plans Sale of Laboratories Business

  • Company reaching out to private equity firms, corporate buyers
  • Oilfield services firm also moving to divest rigs business

The Swiss oilfield services company Weatherford International Plc is considering a sale of its laboratory business, according to people with knowledge of the matter.

Weatherford, which provides equipment, technology and a variety of services for the drilling and production of oil and gas, has reached out to potential private equity and corporate buyers for the business, said the people, who asked not to be identified because they weren’t authorized to speak publicly.