Sirius Petroleum has entered a milestone contract for provision of an integrated services management (ISM) with Schlumberger, an oilfield services company.
The contract is a multi-well campaign and part of Sirius shallow offshore development strategy in Nigeria. The campaign is expected to start by the first half of next year.
Under the contract, Schlumberger will provide Sirius with an all-inclusive package of managed and integrated products and services.
It includes directional drilling services, logging, completion and production fluids, cementing and pumping services.
The package also comprises well management products and services that involve stimulation, testing, well site communications with data and software solutions. It also also encompasses a drilling programme on the Ororo Field, which can be extended to other potential offshore assets.
Sirius Petroleum CEO Bobo Kuti said: “We are pleased to add another leading global industry service provider along with COSL and ADD Energy to our vendor finance consortium.
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“Schlumberger’s experience, technology, and information solutions will enable us to optimise reservoir performance.”
Schlumberger is one of the leading providers of technology for reservoir characterisation, drilling, production and processing in the oil and gas industry.
Employing more than 100,000 people, it has operations in around 85 countries.
Following execution of the agreement with Schlumberger, Sirius is now in advanced discussions to finalise the participation of the last member of the consortium and intends to announce further details in due course regarding the final elements of financing and operational service agreements.
Headquartered in the UK, Sirius Petroleum focuses on oil and gas exploration and development opportunities in Nigeria.