International

Schlumberger says carrying value of Russia assets is $800mln

Published on : 2022-04-28

Oilfield services firm Schlumberger NV on Wednesday said the carrying value of its net assets in Russia was roughly $800 million as of March 31, 2022, according to a filing with the U.S. Securities and Exchange Commission (SEC).

Russia represents roughly 5% of Schlumberger's revenue, the company said.

The company has said it will suspend new investments and technology deployments in Russia following its invasion of Ukraine, which Russia calls a "special operation."

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