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."
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