Schlumberger Joins List Of Firms Knocking On Iran’s Door

US-based contractor Schlumberger has inked a deal for three oilfield studies, joining nine upstream firms preparing to do business with Tehran. It has a history in Iran, but does it have a future?

Houston-headquartered oilfield services giant Schlumberger has signed a memorandum of understanding (MoU) and non-disclosure agreement with NISOC, the largest producing subsidiary of state upstream firm NIOC, according to the Iranian petroleum ministry’s Shana news service.

The report says Schlumberger “used to be active in Iran prior to sanctions and is now getting prepared to return.” The agreements cover studies of the Asmari and Khami formations in Rag Sefid field, the Asmari formation in Parsi, and the Asmari and Bangestan formations in Shadegan. None of these are to be offered to tender to IOCs under the IPC (see table and map, MEES, 15 July). (CONTINUED - 794 WORDS)

DATA INSIDE THIS ARTICLE

table NIOC Post-Sanctions Upstream Agreements With Foreign Firms