Following a string of recent deals, oil field services company Schlumberger announced it agreed to acquire a Calgary-based drilling and services company. For an undisclosed sum, Schlumberger said it entered into an agreement to acquire drilling services units controlled by Canadian company Xtreme Drilling and Coil Services Corp., which owns a fleet of 11 units in Saudi Arabia and the United States. “We continue our pursuit of advancing overall drilling and well intervention efficiency through technology integration to help our customers improve production at a lower cost per barrel,” Sherif Foda, president of the production group within Schlumberger, said in a statement. Schlumberger said the agreement will help build a portfolio of specialized services catering to […]