MOSCOW (Reuters) - Eurasia Drilling (>> Eurasia Drilling Co Ltd), Russia's largest drilling company by metres drilled, said on Tuesday oil services giant Schlumberger Ltd (>> Schlumberger Limited.) would acquire a 45.65 percent stake in the firm for approximately $1.7 billion (1 billion pounds).

Under a multiple-stage deal, Eurasia, formed about 10 years ago from the drilling assets of Russia's second largest oil producer Lukoil (>> Neftyanaya kompaniya LUKOIL OAO), will also delist its global depositary receipts, Eurasia said in a statement.

(Reporting by Katya Golubkova, editing by Elizabeth Piper)