Schlumberger says carrying value of Russia assets is $800 million

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."

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting