Sonatrach Hands Out Oil Service Contracts

Tuesday, May 10, 2016

Sonatrach, Algeria’s state-run oil and gas firm, handed out a number of contracts to US oil service firms. Schlumberger, Weatherford, and Baker Hughes were all awarded contracts for work in the North African country.

Schlumberger and Weatherford secured contracts for cementing and pumping services. The Schlumberger contract award is worth $75 million and the Weatherford contract is worth $11 million. Baker Hughes secured a contract for $50 million through its Algerian unit, BJSP, in which Sonatrach holds a 51% stake.

A fourth contract worth $44 million was awarded to the Emirati firm NPS.

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