Brief: Bauer Group seals joint venture with Schlumberger
10/12/2015 06:37
Dec 10 (Reuters) - Bauer AG B5AG.DE :
* Bauer Group seals joint venture in oil and gas drilling business with Schlumberger
* BAUER Maschinen GmbH, an affiliated company of BAUER AG, finalized negotiations for a
joint venture with Schlumberger
* Two drilling rigs that are already under manufacture will be delivered to Schlumberger at
start of 2016
* Both companies anticipate that planned joint venture could soon achieve revenues of more
than one hundred million euros
Source text for Eikon: ID:nEQ4vFB9Ka
Further company coverage: B5AG.DE
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))