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Schlumberger says carrying value of Russia assets is $800 million

Reuters
The letters Schlumberger are seen on a fence outside the Austrian sparkling wine maker's headquarters in Vienna

(Reuters) - Oilfield services firm Schlumberger NV on Wednesday said the carrying value of its net assets in Russia was roughly $800 million as of March 31, 2022, according to a filing with the U.S. Securities and Exchange Commission (SEC).

Russia represents roughly 5% of Schlumberger's revenue, the company said. The company has said it will suspend new investments and technology deployments in Russia following its invasion of Ukraine, which Russia calls a "special operation."