Oilfield services giant Schlumberger has sold off a clutch of non-core drilling assets to a private equity-backed player in a deal worth around $400 million, writes Eoin O'Cinneide.
Wellbore Integrity Services (WIS), an affiliate of New York-based Rhone Capital, is acquiring Drilco, Thomas Tools and Fishing & Remedial Services. WIS will also acquire part of a manufacturing facility in Houston.
