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Image from Schlumberger. |
The merger between the world's largest oilfield services company Schlumberger and Russian drilling contractor Eurasia Drilling Co. (EDC) has been put on the back burner again as both companies continue to wait for a written final confirmation from the Russian Federal Anti-Monopoly Service and the Government Commission on Monitoring Foreign Investment.
The two companies have extended the completion date for the transaction from 31 May to 30 June 2015.
Schlumberger and EDC entered into an agreement for Schlumberger to acquire 45.65% interest in EDC for US$1.7 billion. The deal was expected to close in 1Q 2015.
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