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Petrofac sells Mexico contract to Schlumberger

Petrofac has sold its 50% stake in Petro-SPM Integrated Services to Schlumberger.

Petrofac sells Mexico contract to Schlumberger


UK-based energy service firm Petrofac announced on August 22, 2017, that the company has sold its 50% stake in Petro-SPM Integrated Services to Schlumberger.

Schlumberger now owns 100% of Petro-SPM, which operates the Panuco integrated service contract in Mexico.

Rob Jewkes, chief operating officer, Petrofac Integrated Energy Services, said: «We are pleased to conclude this transaction, which is in line with our strategy and simplifies the ownership of the Panuco field. We will continue to focus on the remaining production service contracts in our Mexican portfolio.»

Patrick Schorn, executive vice president, New Ventures, Schlumberger, said: «We consider Mexico’s Energy Reform as a significant step in the evolution of the country’s oil and gas industry, and we are optimistic in regard to the various business opportunities created under the new reforms.»

«This transaction aligns with our well-established portfolio of production management projects and enables us to move forward with our plans to continue to develop the Panuco field.», said Schorn.

Source : Neftegaz.RU


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