.
MergerLinks Header Logo

Announced

Completed

Block Energy completed the acquisition of Schlumberger Rustaveli from Schlumberger.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Acquisition

petroleum

United States

Integrated Oil and Gas

Private

Domestic

Completed

Majority

Friendly

Synopsis

Edit

Block Energy, the exploration and production company focused on the state of Georgia, completed the acquisition of Schlumberger Rustaveli, a producer of petroleum, from Schlumberger, an oilfield services company. Financial terms were not disclosed. "I am delighted to announce the completion of our acquisition of SRCL from Schlumberger. It represents a truly transformational deal for Block, that enhances our current production, increases our acreage 30-fold and adds exciting new development opportunities. I would like to thank all members of our team for contributing to the successful completion of the company's largest transaction," Paul Haywood, Block Energy Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US