Petroleum Africa
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Wednesday, December 21, 2016
Sirius Petroleum and Schlumberger entered a contract for the provision of an integrated services management (ISM) with Schlumberger. The SM contract is for Sirius’ shallow water offshore development strategy in Nigeria and covers a multi-well drilling campaign which will start in H1 2017.
Schlumberger will provide Sirius with a comprehensive package of managed and integrated products and services including directional drilling services, logging, completion and production fluids, cementing and pumping services, well intervention and stimulation products and services, well testing services, wellsite communications and data and software solutions. The contract envisages a drilling program on theOroro field and can be expanded to include other potential offshore assets.
Following the execution of the agreement with Schlumberger, the company is now in advanced discussions to finalize the participation of the last member of the Vendor Finance Consortium and intends to announce further details in due course regarding the final elements of the financing and operational service agreements.
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