Washington - French-US oil services giant Schlumberger was fined $232.7m by the justice department on Wednesday for violating sanctions on Iran and Sudan.
Fully owned subsidy Schlumberger Oilfield Holdings admitted guilt to one count of "knowingly and willfully conspiring to violate" the US International Emergency Economic Powers Act, under which US sanctions are applied, the department said.
According to the charges, the company's Texas-based drilling and measurements unit provided services to Iran and Sudan between 2004 and 2010 and tried to hide the fact from authorities.