Sound Energy announced Wednesday that it has signed a memorandum of understanding with Schlumberger Oilfield Holdings Limited to work together across Europe and Africa.
Marking the first preliminary agreement entered into under the MOU, Schlumberger Production Management will collaborate with Sound on the Tendrara license in Morocco and provide integrated technical services linked to production performance.
James Parsons, Sound Energy's CEO, commented in a company statement:
"I am extremely pleased to announce a strategic collaboration between Sound Energy and one of the world's leading companies in our sector. This relationship is expected to jointly fund and technically de-risk multiple assets across Sound Energy's current portfolio whilst also enabling our ambitious expansion across Europe and Africa."
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you