Schlumberger Oilfield Holdings Ltd.

Parent Company:
Schlumberger Ltd. (USA)
HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Outcome/Sentencing:
Violation
Description:
Starting in February 2004 and continuing through June 2010, SOHL, while working with and through Schlumberger’s “Drilling and Measurements” business segment , knowingly and willfully the ITSR and the SSR, by: (1) systematically approving and disguising capital expenditure requests from operations in Iran and Sudan for the manufacture of new tools and for certain expenditures; (2) directing and overseeing the transfer of oilfield equipment from projects in non-sanctioned counties to projects in Iran and Sudan; (3) making and implementing business decisions specifically concerning projects in Iran and Sudan; and (4) providing certain technical services in order to troubleshoot mechanical failures and to sustain sophisticated oilfield services equipment in Iran and Sudan.
Fine:
Total Fine
3 years probation
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$ 0.00
Source:
Treasury, “Enforcement Information For August 7, 2015.”
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