SLB announced it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The Palliser Block encompasses oil and gas wells, surface facilities, a pipeline network, and certain oil and gas development rights.
The transaction is subject to regulatory approval and other customary closing conditions. It is expected to close late in the fourth quarter of 2024.
This divestiture is part of SLB's ongoing strategy to optimize its portfolio. The move aims to streamline operations and focus on core areas of growth.
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