Calgary-based completions expert Calfrac Well Services Ltd. has suspended its work in Russia’s oil and natural gas fields in response to its invasion of Ukraine and the trade sanctions imposed by Western nations, including Canada.

Calfrac

The oilfield services (OFS) company, which chiefly works in Canada and the United States, also works in Argentina. 

Calfrac’s Russian operations are in Western Siberia, where last year it had 520 personnel and was operating 77 hp. Earlier in March executives warned that Russia’s invasion injected “risk and uncertainty” into prospects for industry recovery continuing through this year.

“Despite the fact that the provision of parts and equipment are not restricted by applicable sanctions, the company canceled such shipments that were bound...