Russia lost oil production technologies: fifth oilfield service has suspended work

Calfrac Well Services The Canadian Pettling Company announced the suspension of all investments and overturned all the supply of equipment to Russia due to the situation in Ukraine. This is stated in the company’s message.

“Calfrac Well Services announces the suspension of any investment in the Russian Federation. Calfrac also cancels any supply of spare parts and equipment to Russia,” the company reported.

It is noted that the Board of Directors and the management of Calfrac “Deeply disappointed conflict in Ukraine.”