Schlumberger to Acquire Stake in Eurasia Drilling

Skadden is advising the majority shareholders of Eurasia Drilling Company Limited, the largest provider of onshore drilling services in Russia, in its take-private and sale of a minority stake to Schlumberger, a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. The deal is valued at $1.7 billion and was announced on January 20.