Russia's Rosneft agrees to buy Weatherford's Russian, Venezuelan assets

July 15, 2014

Russia's Rosneft, the world's biggest listed oil company by output, has agreed to buy drilling and well-servicing assets of oil and gas service company Weatherford International in Russia and Venezuela, the company said on Sunday.

Rosneft, which is expanding its own oilfield services unit RN-Burenie, added that it will buy a total of eight Weatherford group companies after all needed approvals are granted. The deal is expected to close before the end of the year.

Copyright, Reuters, 2014.