Oilfield services giant Schlumberger has no intention of selling off any part of Cameron after making a $14.8 billion agreed takeover offer for the subsea equipment specialist.

The two players, which are already partners in subsea joint venture OneSubsea, are initially to focus on cost-savings at the corporate and back-office level but will soon turn their attention to operational synergies once the cash-and-shares deal is completed, which is expected in the first quarter of 2016.

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