Morocco: Schlumberger to partner on Tendrara

Sound Energy has announced a field management agreement with Schlumberger for the onshore Tendrara licence. Under the agreement, Schlumberger will provide integrated technical services, equipment and personnel to Sound, and will pay part of the cost of the first three Tendrara appraisal wells, and the cost of developing the licence area after that. In exchange, Schlumberger will be granted an upside linked to production performance.