Comment: SLB-ChampionX merger review in US likely looking at overlaps in PDC drill bits, emission management services
By Flavia Fortes ( July 18, 2024, 17:32 GMT | Comment) -- The US review of SLB’s proposed acquisition of ChampionX likely includes an investigation into overlaps between the oilfield services companies in PDC drill bits and emission management services. The companies are also vertically integrated in a few markets, as ChampionX supplies SLB with chemical components for drilling and completion fluids, quartzdyne sensors and PDC drill inserts and bearings, which could attract scrutiny.The US review of SLB’s acquisition of ChampionX likely includes an investigation into overlaps between the oilfield services companies in the markets for PDC drill bits and emission management services....
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