Schlumberger courts bidders for Argentine oil field

Schlumberger courts bidders for Argentine oil field

M&A Equity Energy Gas Argentina US Europe

US oilfield services company Schlumberger is close to completing the sale of its stake in an oil field in Argentina, where the potential for oil production and export growth is boosting the interest of buyers, including possibly Equinor, Shell and Total, according to people in the oil sector. Schlumberger CEO Olivier Le Peuch told investors during a conference call on January 17 that the company is pressing ahead with the sale of its 49% stake in Bandurria Sur, a block in the shale oil deposits

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