Schlumberger is divesting non-core drilling assets to Wellbore Integrity Solutions for $400 million. Schlumberger is selling its businesses and associated assets of DRILCO, Thomas Tools and Fishing & Remedial services as well as part of a manufacturing facility in Houston to Wellbore Integrity Solutions (WIS) for $400 million, the company announced Tuesday. WIS, an affiliate of private equity firm Rhône Capital, plans to operate the combined businesses as a global provider of drilling tubulars services; tubing work strings, rentals and accessories and fishing and remedial services for drilling intervention and abandonment activities for the oilfield service industry. “The DRILCO, Thomas Tools, and Fishing & Remedial businesses will have greater opportunities for growth uniquely positioned within a strategic buyer’s portfolio,” Kristi Vilay, president, Bits & Drilling Tools, Schlumberger, said in a company statement. “This divestiture will enable Schlumberger to focus on its core drilling strategy, including the development of automation […]