Schlumberger pulls out of deal to buy stake in Eurasia Drilling
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Moscow
Schlumberger Ltd will not pursue a US$1.7 billion agreement to buy a minority stake in Russia's largest driller Eurasia Drilling Co beyond Sept 30 after a lack of regulatory approvals stalled the deal.
The world's largest oilfield services provider will instead focus on other merger and acquisition opportunities, it said in a statement last Thursday.
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