Top oilfield services company SLB is halting products and technology shipments into Russia in response to an expansion of sanctions from Western nations in the wake of Moscow’s invasion of Ukraine.
The shipments to Russia will be halted from all of SLB’s global operations.
Earlier, SLB imposed a ban of shipments into Russia from the US, UK, EU and Canada.
The oil services and equipment provider said it took voluntary measures to reduce its activities in Russia since March 2022.
SLB also said it would not make new investments in Russia and will halt deployment of new technology used in its services business.
In a press statement, the company said: “Since that time, the company has continued to commit significant resources to ensure it meets and exceeds the various international laws.
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“SLB takes its responsibility to comply with export control and economic sanction laws extremely seriously, and the company remains aligned with the international community in condemning and calling for an end to the war in Ukraine.”
In May 2023, Reuters reported that SLB had made structural and operational changes to comply with Western sanctions on Russia on technology and oil equipment transfers.
The changes included restricting access to certain software and messaging systems for Russia employees as well as confining off the unit from SLB’s other operations.
Recently, SLB partnered with Quorum Software to introduce a new field development planning solution.
The integrated offering is powered by SLB’s FDPlan agile field development planning system with Quorum’s Planning Space business planning and petroleum economics product.