Deals
Schlumberger Explores $800 Million Valves Business Sale
- Oilfield services firm working with an adviser on divestment
- Assets were purchased as part of its 2016 deal for Cameron
Rig hands from Schlumberger Ltd. work on a drilling rig at a geothermal energy extraction site in Villejuif, France.
Photographer: Kosuke Okahara/Getty Images
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Schlumberger, the world’s largest oilfield services company, is exploring a sale of part of its US valves business, according to people with knowledge of the matter.
The company is working with an adviser to study a potential divestment of the assets for more than $800 million, said the people, who asked not to be identified because they weren’t authorized to speak publicly. No final decision has been made and Schlumberger could opt against a sale, they said.