Schlumberger Learns Russian as Drilling Demand Takes Stock to $105
Making bank in Mother Russia?
Schlumberger announced this April that it would work in close collaboration with Eurasia Drilling – the latest in a series of moves to expand its footprint in Russia. [1]
Russia holds the world’s largest reserves of natural gas and the 8th largest reserves of oil, and local production giants such as Gazprom and Lukoil have already announced aggressive plans to boost reserves and production over the coming years. This has made Russia a promising market for Schlumberger and other oilfield services firms such asHalliburton and Baker Hughes that also have significant operations in the region.
We believe t
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