Majority Share of Eurasia Drilling to Be Acquired by Schlumberger

Skadden is advising Eurasia Drilling Company Limited (EDCL) on the purchase of a 51 percent stake in EDCL by Schlumberger. In addition, Skadden is advising EDCL on a separate investment in EDCL by a consortium of investors, including the Russian Direct Investment Fund, the Russia-Chinа Investment Fund and Mubadala.