Eurasia and Schlumberger pair up

** FILE **This undated photo released by the U.S. Fish and Wildlife Service shows a sow polar bear resting with her cubs on the pack ice in the Beaufort Sea in northern Alaska. A government report released Wednesday, Nov. 15, 2006, has concluded that fewer polar bears cubs are surviving off Alaska's northern coast. (AP Photo/U.S. Fish and Wild Life Service, Steve Amstrup)

STEVE AMSTRUP

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Aleya Begum

 03 May 2011 08:23 GMT

Russian rig player Eurasia Drilling and US oilfield services giant Schlumberger have completed a $260 million deal that will see the two companies swap major assets in Russia and the formation of a strategic alliance between them.

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