One of the world's largest oilfield service corporations, Schlumberger, announced that it had decided to stop further investment and technology implementation in its activities in Russia, Report informs that the corresponding statement of the company was published on its website.
“We have watched with immense concern as the conflict in Ukraine has escalated. As the situation has developed, we have been evaluating our path forward, and have decided to immediately suspend new investment and technology deployment to our Russia operations,” Chief Executive Officer Olivier Le Peuch said.
We continue to actively monitor this dynamic situation and will fulfill any existing activity in full compliance with applicable international laws and sanctions, the company said.