The oilfield services company SLB (formerly known as Schlumberger) has announced that it will stop supplying products and technologies to Russia from all of its facilities. The decision, which is related to the tightening of international sanctions, was announced on the company’s website, cited by moscowtimes.eu.
SLB has previously restricted the supply of products from the US, UK, EU and Canada to Russia. The company has now decided to completely stop deliveries from all of its facilities.
After the outbreak of the war in Ukraine, SLB announced that it had no plans to make new investments in Russia and would not introduce new technologies used in its business.
“SLB takes its responsibility to comply with export control and economic sanctions laws seriously, and remains in strict alignment with the international community in condemning and calling for an end to the war in Ukraine,” the statement said.
In an internal address to employees in February, SLB’s CEO acknowledged that the situation was difficult, but the company was not going to leave the Russian market. He noted that the company considers it the best option to continue operating in Russia while complying with international sanctions.
Schlumberger has cooperated with such Russian companies as Gazprom, Rosneft and Lukoil.
SLB was fined $1.4 million by the U.S. Department of Justice for providing services to the Russian company Gazprom Neft Shelf, which is on the U.S. sanctions list.
Halliburton and Baker Hughes, which are also among the largest oilfield service companies, have already left the Russian market. Weatherford reduced its presence by terminating some contracts.
