Schlumberger Limited, commonly known as SLB, is making moves in Russia as it expands its business in the country. According to a report by the Financial Times, SLB, the world’s largest oilfield services company, has been signing new contracts and hiring hundreds of new employees in Russia. This expansion comes after some of the company’s biggest western competitors have exited the Russian market.
SLB’s decision to invest in Russia demonstrates its confidence in the country’s oil and gas industry. With its advanced technology and expertise in the field, SLB is well-positioned to take advantage of the opportunities that the Russian market has to offer.
The company’s expansion in Russia is not only beneficial for SLB but also for the country’s economy. By creating jobs and bringing in new technology, SLB is contributing to the growth of Russia’s oil and gas sector.
With its strong presence in Russia, SLB is set to play a key role in the development of the country’s energy industry. As Russia continues to be a major player in the global energy market, SLB’s investment in the country is a strategic move that is likely to bring long-term benefits for both the company and the Russian economy.
