Total Energy Services to acquire Saxon Energy Services Australia from Schlumberger for $37m.

Total Energy Services, a provider of various services in the field of contract drilling, rentals, transportation, contract well and fabrication, agreed to acquire Saxon Energy Services Australia, a provider of land drilling and well construction services, from Schlumberger, a technology company that offers energy technology services, for $37m. When completed, the acquisition will increase the depth capacity of Savanna Australia’s drilling rig fleet, add experienced local personnel and expand Savanna Australia’s customer base.