Schlumberger OFAC Compliance Archives - Corruption, Crime & Compliance

10 Oct, 2021

Episode 209 — Schlumberger Settles Two OFAC Enforcement Actions

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.

General

30 Sep, 2021

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Curaçao, Netherlands, agreed to pay $160,000 to settle an OFAC violation of the Sudan Sanctions Program (since repealed in October 2017) stemming from one shipment...