As previously disclosed, BrazAlta has executed a strategic alliance with Schlumberger Servicos de Petroleo Ltda. (SLB) through a concessionaire and joint venture partner W.Washington Empreendimentos Participacoes Ltda. ("WWashington"). SLB is the Brazilian subsidiary of the Schlumberger Group.
It still remains BrazAlta's intention to work with SLB under the terms of the strategic alliance on the development lands.
BrazAlta is a publicly traded Canadian based international oil and gas corporation with operations in Brazil, Northern Ireland and Canada.
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