Schlumberger wins contract to manage Equinor project

images

Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil’s offshore Campos oil basin, a person familiar with the matter said on Thursday.

The deal would be the first time an oil services company replaces a drilling-rig contractor, the person said, adding pressure to offshore drillers still reeling from an industry-wide contraction.

Continue reading

Leave a Reply