Home ยป Canadian oilfield service company Calfrac Well Services Ltd suspends investments in Russia

Canadian oilfield service company Calfrac Well Services Ltd suspends investments in Russia

by alex

Canadian oilfield services company Calfrac Well Services Ltd suspends investments in Russia

The company has canceled any future deliveries of spare parts and equipment to Russia.

Canadian oilfield services company Calfrac Well Services Ltd announced the suspension of any investment in the Russian Federation due to international sanctions.

“Despite the fact that the supply of spare parts and equipment is not limited by the current sanctions, the company canceled such supplies at the beginning Russian invasion of Ukraine,” the message reads.

The company published the corresponding statement on its website.

All Western Calfrac employees involved in Russian operations are not yet in Russia.< /p>

The company also declared its solidarity with Ukraine.

Calfrac Well Services Ltd pr provides specialized oil exploration and production services designed to increase hydrocarbon production from wells drilled in western Canada, the United States, Argentina and Russia. oil.

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