Schlumberger divests fraccing business

SCHLUMBERGER will divest its North American fraccing arm to rival Liberty Oilfield Services in return taking a 37% stake in a new combined business.

Schlumberger divests fraccing business Schlumberger divests fraccing business Schlumberger divests fraccing business Schlumberger divests fraccing business Schlumberger divests fraccing business

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It was just three years ago that Schlumberger created its fraccing arm when it acquired Weatherford International for US$430 million and absorbed it into its own business.

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