Schlumberger (SLB) to Sell Its Interests in Palliser Block

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Go back to Schlumberger (SLB) to Sell Its Interests in Palliser Block

SLB Announces Definitive Agreement to Sell Its Interests in Palliser Block

October 17, 2024 5:45 PM EDT

HOUSTON--(BUSINESS WIRE)-- Global energy technology company SLB (NYSE: SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada.

The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close late in the fourth quarter of 2024.

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