Antonoil, Schlumberger enter JV for integrated project management services in China


China’s Anton Oilfield Services Group has signed a joint venture with US-based global oilfield services company Schlumberger. The move comes roughly two months following Schlumberger’s acquisition of a 20.1% stake in the Beijing-based company.

The JV, which will provide integrated project management services for the development of China's onshore oil and gas projects, will be incorporated in China with Antonoil and Schlumberger holding stakes of 40% and 60%, respectively. Both companies will second members of their management to jointly lead the JV.

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