Schlumberger Purchases Cameron Drilling Company - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Schlumberger Purchases Cameron Drilling Company

Good news for one local oil company.

Schlumberger announced they bought Cameron, which is a drilling and processing company.

The agreement now offers new growth opportunities for the oil company.

Company officials say it will also help them achieve significant gains through lowering operating costs, streamlining supply chains and improving manufacturing processes.

With the two companies merging together, they expect $300 million and $600 million in synergies in the first and second years.

Powered by Frankly