Schlumberger agreed to sell two of its businesses for around $400 million each. An
affiliate of private equity firm Rhone Capital will acquire Schlumberger’s Drilco, Thomas
Tools and Fishing & Remedial services and part of a manufacturing facility in a deal
announced on May 14. In late April, Schlumberger agreed to sell its Middle East onshore
drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415
million to the drilling subsidiary of Saudi Arabia’s Industrialization
and Energy Services Co.......
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