Oil service company Schlumberger was included in the list of international war sponsors

The National Agency on Corruption Prevention (NACP) has included the leading global oilfield company SLB (formerly Schlumberger) headquartered in the USA on the list of international war sponsors.

According to the information provided to NACP by the Economic Security Council of Ukraine, after the full-scale invasion of Russia into Ukraine, the company not only did not condemn the military actions of the aggressor but also expanded its business on its territory.

According to the NACP, the American company SLB plays a critical role for the aggressor state, occupying 8% of the Russian oil service market. The company clearly states that its contribution to the Russian economy has already amounted to more than $4.5 billion in taxes, with SLB’s staff in Russia including 11,500 employees working for several factories and service centers. In addition, SLB has a wide network of subsidiaries in Russia, which allows the company to circumvent international sanctions.

SLB works closely with Russian oil and gas giants, including Gazprom, Rosneft, and Lukoil. All listed companies are under US sanctions. After the outbreak of the full-scale war, SLB did not cut ties with Russian clients. On the contrary, the company has expanded its business by taking over service and equipment contracts from competitors that have left the market.

In 3Q2022, the revenue of SLB’s Russia and Central Asia reservoir division grew by 25%, outperforming other regions. Starting from May to October 2022, SLB supplied more than 900 batches of its products to Russian enterprises. Currently, the company continues to participate in tenders announced by Russian companies.

In October 2022, SLB faced a wave of criticism after more than 9,000 of the company’s employees in Russia received conscription notices at the workplace. In addition, the company prohibits employees from joining work remotely, so they cannot avoid mobilization.