Schlumberger and Weatherford form JV targeting North America

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Schluberger Ltd. (NYSE: SLB) and Weatherford International PLC (NYSE: WFT) announced March 24 they’re forming a joint venture to provide completions products and services, targeting unconventional resource plays in North America. This is the second partnership Weatherford has announced in less than two months. The deal is expected to close in the second half of 2017. The JV will be called OneStim, and Schlumberger and Weatherford will own it 70-30. As part of the deal, Schlumberger will make…


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