Schlumberger (NYSE:SLB) has entered into an agreement with National Oilwell Varco (NYSE:NOV) to sell its Wilson distribution business.
Offshore staff
HOUSTON– Schlumberger (NYSE:SLB) has entered into an agreement with National Oilwell Varco (NYSE:NOV) to sell its Wilson distribution business. Closing of the transaction is subject to customary regulatory approvals.
Schlumberger acquired Wilson International Inc. as part of the acquisition of Smith International in 2010.
Schlumberger CEO Paal Kibsgaard said: “Schlumberger’s global supply chain has benefited from Wilson’s best-in-class distribution practices and we look forward to working with Wilson in the future.”
