New ventures for Schlumberger despite downturn


Issue 316 - 28 Jan 2016 | 2 minute read

While many service companies are struggling with the market contraction caused by the oil price crash, Schlumberger is picking up new opportunities, with a preliminary agreement to take 40% in Ophir Energy’s Equatorial Guinea gas project as well as a global deal with Golar LNG. Schlumberger, which in December signed a field management agreement onshore Morocco, has signed a non-binding heads of terms agreement with Ophir for the Fortuna floating liquefied natural gas (FLNG) project.

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