Sound Energy and Schlumberger Oilfield Holdings form strategic collaboration

Sound Energy plc, a European/Mediterranean-focused upstream oil and gas company, has signed a collaboration agreement with Schlumberger Oilfield Holdings Ltd.

Sound Energy has signed a memorandum of understanding with oilfield services firm Schlumberger in respect of a strategic relationship between Sound Energy and Schlumberger across Europe and Africa.

The company has also agreed a term sheet with Schlumberger Production Management (SPM), the production management arm of Schlumberger regarding the Tendrara license, onshore Morocco.

This collaboration would include SPM providing integrated technical services on a risked basis with an upside linked to production performance, it said.

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