Savanna Energy Services Australia Pty Ltd. agreed to acquire Saxon Energy Services Australia Pty Ltd from Schlumberger Limited (NYSE:SLB) for $37 million on January 17, 2024. Total Energy intends to fund the Acquisition utilizing cash on hand and existing credit facilities. The Acquisition is expected to be completed during the first quarter of 2024, subject to the satisfaction of certain conditions including the receipt of regulatory approvals. Canaccord Genuity is acting as financial advisor to SLB on the Acquisition.

Savanna Energy Services Australia Pty Ltd. agreed to acquire Saxon Energy Services Australia Pty Ltd from Schlumberger Limited (NYSE:SLB) for $36.8 million on March 7, 2024. Savanna Energy paid $34.8 million on completion and $2.0 million less any post-completion adjustments will be paid on the first anniversary of completion.