Document: Algeria's Sonatrach Awards $180M in Oil Service Contracts

Reuters

ALGIERS, May 8 (Reuters) – Algerian state energy company Sonatrach has awarded U.S. oil service firms Schlumberger and Weatherford contracts for cementing and pumping services, a Sonatrach document said.

Schlumberger was awarded a $75 million contract, and Weatherford a $11 million contract, according to the document seen by Reuters.

Baker Hughes has also secured a $50 million contract through its Algerian unit BJSP, in which Sonatrach owns 51 percent. The fourth contract worth $44 million has been awarded to the Emirati firm NPS.

OPEC member Algeria has been trying to attract foreign oil companies to explore for oil to offset stagnant production.

(Reporting by Lamine Chikhi, editing by Louise Heavens)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post 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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Project Pipeline Assistant - DC
Expertise: Document Control
Location: Houston, 
 
Petroluem Inspector II
Expertise: Field Service Tech|Marine Surveying|Surveying
Location: Port Neches, TX
 
Petroleum Inspector Trainee
Expertise: Field Service Tech|Marine Surveying|Surveying
Location: Saraland, AL
 
search for more jobs

Brent Crude Oil : $45.97/BBL 2.91%
Light Crude Oil : $44.67/BBL 2.74%
Natural Gas : $3/MMBtu 0.33%
Updated in last 24 hours