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

Antonoil

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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...