KCA Deutag suspends new investments in Russia
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
In a statement, Joseph Elkhoury, KCA Deutag's CEO, said: ?"We are shocked and saddened by the deteriorating situation in Ukraine, and we join many to call upon all parties to urgently work towards a peaceful resolution in the region."
"Since the start of the conflict, KCA Deutag established a dedicated committee to actively monitor the situation and stay in full compliance with all applicable sanctions. The Group suspended all new investments in Russia and is evaluating its options relating to the Russian business."
"We remain focused on the health, safety and security of our colleagues and their families in Ukraine and Russia. Our thoughts continue to be with those impacted by these tragic events."
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/21032022/kca-deutag-suspends-new-investments-in-russia/
You might also like
Mantl-Core and the moment hazardous area inspection finally changed
Every so often, an industry reaches a point where it becomes clear that the old way of working is no longer enough. Not because people lack competence or commitment, but because the tools have failed to evolve at the same pace as the responsibility placed upon them. For hazardous area inspection, that moment is now!