Schlumberger Limited. : Schlumberger Completes Sale of Wilson International Inc.
05/31/2012| 04:35pm US/Eastern
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Schlumberger Limited (NYSE:SLB) announced today that it has completed
the sale of its Wilson distribution business to National Oilwell Varco,
Inc. (NYSE:NOV).
Additionally, Schlumberger has committed to divest the remaining portion
of its distribution business by agreeing to support NOV's previously
announced proposed acquisition of all outstanding shares of CE Franklin
Ltd. (NASDAQ: CFK; TSX: CFT) ("CE Franklin") for CAD$12.75 in cash per
share. Schlumberger owns 9,729,582 common shares of CE Franklin, or
approximately 56% of CE Franklin's outstanding common shares.
About Schlumberger
Schlumberger is the world's leading supplier of technology, integrated
project management and information solutions to customers working in the
oil and gas industry worldwide. Employing more than 113,000 people
representing over 140 nationalities and working in approximately 85
countries, Schlumberger provides the industry's widest range of products
and services from exploration through production.
Schlumberger Limited has principal offices in Paris, Houston and The
Hague, and reported revenues of $39.54 billion in 2011. For more
information, visit www.slb.com.
Schlumberger Limited
Malcolm Theobald, +1 713 375 3535
Vice
President, Investor Relations
or
Stephen Whittaker, +
33 1 4062 1308
Director, Corporate Communications
investor-relations@slb.com
© Business Wire 2012
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