Offshore staff
PARIS – Petrofac Integrated Energy Services and Schlumberger Production Management divisions have signed a cooperation agreement to establish a working relationship in the production services and production enhancement market.
Miguel Galuccio, president of Schlumberger Production Management, said: “Schlumberger’s subsurface knowledge, production engineering, well construction and project management services coupled with Petrofac’s surface facility design, installation and ongoing operational field management create a life-of-field approach coupled with a performance-focused commercial model to optimize asset development and overall value.”
Andy Inglis, chief executive of Petrofac IES, said: “The creation of this framework will enable us to bid jointly for projects of a scale that we would not pursue independently, and to develop them at a much faster pace. Petrofac and Schlumberger have a common approach and I am tremendously excited by the scope of the opportunities we see for our combined capabilities.”
Both companies will deploy their own capital in these production enhancement projects and neither company will seek to book reserves or production.
01/05/2012
