Petroleum Africa
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Wednesday, January 10, 2018
DMWA Resources, an African energy player, entered into a MoU with Schlumberger, to collaborate on African oil and gas projects. The three-year agreement has the parties working together on energy projects in the Central, West and East Africa regions.
Effective immediately, the agreement kicks off discussions on the Schlumberger products and services that DMWA Resources would use to develop newly acquired upstream assets.
DMWA Resources will use its agreement with Schlumberger to consolidate and grow its upstream oil and gas position across Africa.
“DMWA is currently looking at assets across Africa. We are successfully leveraging our team’s marketing and trading knowledge with the support of first class upstream firms like Schlumberger,” said Executive Director of DMWA Resources, Sebastian Wagner. “We see enormous value-add in offshore and onshore Africa, where huge opportunities have been overlooked by larger operators in the past. We and our partners have a different vision on Africa and are delighted with its geological prospectivity.”
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