In a pair of enforcement actions, OFAC settled two separate actions involving Schlumberger Limited subsidiaries – the first involving Cameron International Corporation, and the second, Schlumberger Rod Lift, Inc., a former subsidiary, that was acquired by Lufkin Rod Lift, Inc. In this Episode, MIchael Volkov reviews the two OFAC enforcement actions.
Tagged: Schlumberger OFAC Compliance
Former Schlumberger Company Settles OFAC Case for $160k for Violation of Sudan Sanctions (Part II of II)
In the second OFAC enforcement action released on the same day, September 27, 2021, Schlumberger Rod Lift, Inc. (“SRL”) (now d/b/a Lufkin Rod Lift, Inc.), and formerly a subsidiary of Schlumberger Lift Solutions LLC (“SLS”), a U.S. subsidiary of Schlumberger Curaçao, Netherlands, agreed to pay $160,000 to settle an OFAC violation of the Sudan Sanctions Program (since repealed in October 2017) stemming from one shipment...