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Vol. 11, No. 18 Week of April 30, 2006
Providing coverage of Alaska and northern Canada's oil and gas industry

Schlumberger buys rest of WesternGeco

Acquisition of Baker Hughes’ 30 percent interest in $2.4 billion deal puts Schlumberger firmly at top of seismic industry

Ray Tyson

For Petroleum News

Schlumberger will be firmly at the head of the world’s largest seismic company based on Baker Hughes’ agreement to sell its 30 percent minority stake in WesternGeco to the oilfield services giant for $2.4 billion in cash. The deal was expected to close by the end of April. Schlumberger already owned....


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