Offshore Egypt a win for Schlumberger

22 Jun 2016   Egypt

With pressure on the sector easing, a subsidiary of field services company Schlumberger said it secured a multi-million dollar contract for offshore Egypt. Schlumberger, which has headquarters in Houston, is the largest oil and gas field services in the world. Its subsidiary, OneSubsea, secured a $170 million contract from Belayim Petroleum Co., an Egyptian player known also as Petrobel, for help with the development of the Zohr natural gas field off the coast of Egypt. According to OneSubsea President Mike Garding, the Zohr field is the largest of its kind discovered in the Mediterranean Sea. In March, OneSubsea secured a contract from BP for work on a complex of West Nile Delta fields off the coast of Egypt. On Monday, BP […]

Tags:

Comments are closed.