“The matter rests in both the drilling equipment and specific services such as cementing of wells and other drilling operations,” said the source. “The oil and gas unit of General Electric [GE Oil & Gas] is interested in the acquisition of these assets in Azerbaijan.”
The source did not specify the date when the deal will be announced officially.
The second and third largest global oilfield services giants, Halliburton and Baker Hughes, agreed to an asset swap in November 2014. The transaction worth $34.6 billion became the largest one in the oil and gas sector. Earlier, the European Commission suspended the consideration of the merger deal of the Halliburton and Baker Hughes US oilfield services companies due to the fact that they didn’t provide sufficient information.
GE Oil & Gas has more than 12,000 employees worldwide and provides services to customers in more than 100 countries of the world.
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