Russia to Decide on Schlumberger Bid for Eurasia Drilling in 2-3 Weeks
MOSCOW, May 21 (Reuters) - A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks, an official from Russia's Federal Antimonopoly Service (FAS) said on Thursday.
Dmitry Makhonin also said FAS had no objections to the deal from a competition point of view, but added that a special governmental commission would have the final word on the matter.
In March, Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion but the deadline for the deal had to be extended after questions from FAS and the Commission on Foreign Investment.
(Reporting by Vladimir Soldatkin; writing by Katya Golubkova; Editing by Gareth Jones)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Offshore Start-Up Borr Drilling Aims To Expand Fleet, Keep Costs Low (Aug 30)
- Venezuela's IOUs Pile Up, Keeping US Oil Servicers in Tow (Aug 23)
- Russian Watchdog Says Schlumberger-Eurasia Drilling Deal 'Has Big Problems' (Aug 16)