Slavneft
and Schlumberger Begin Work Under a Master Service Agreement
Posted: 4 March 2003
Houston —Slavneft, a Russian oil and gas
company, and Schlumberger Oilfield Services announced today they
will begin field operations under the framework of a master service
agreement signed in December 2002.
According to this agreement, Schlumberger will be directly involved
in a horizontal and directional drilling program and will also provide
the full range of reservoir stimulation and production enhancement
services for new and existing wells.
“The signed agreement will give us access to the best worldwide
oil production practices,” said Yury Sukhanov, president of
Slavneft. “The extensive experience of Schlumberger, which
is known for its achievements in oil recovery enhancement, enables
us to maximize our potential more efficiently.”
In 2003 Slavneft is planning to apply these technologies in oilfields
of the Megion region in an effort to increase production by 13.2
%. By the end of 2003, Slavneft plans to raise the average daily
flow rates for Megion and other Slavneft fields in West Siberian
to 44.7 thousand tons from 42.0 thousand tons at the beginning of
the year.
The co-operation between Slavneft and Schlumberger will involve
the creation of joint teams of engineers to maintain close contact
among geologic and technical departments. In addition, this cooperation
between the two companies will facilitate training of the Slavneft
staff in advanced oilfield technologies.
Patrick Schorn, Schlumberger general manager for Russia, Sakhalin,
said, “This agreement will not only allow Slavneft to develop
a new drilling program but also to develop and apply technology
that will significantly accelerate its return on investment. Schlumberger
is dedicated to delivering the best technology to achieve Slaveft’s
success.”
About the Organizations
Slavneft is one of the top-ten oil majors in Russia. In 2002 Slavneft
enterprises recovered 16.1 million tons of oil (including oil produced
by JSC Varieganneft and JSC Ulianovskneft), which increases by 7.8%
the same figure for 2001.
Schlumberger Oilfield Services, the largest oilfield services company
in the world, is the leading supplier of technology services and
solutions to the international petroleum industry. With operations
in more than 100 countries, Schlumberger Oilfield Services is one
of two business segments of Schlumberger Limited, a global technology
services company spanning the oil and gas, telecommunication utilities,
finance, transport and public sector markets.In 2002, Schlumberger
revenues were $13.5 billion.
For more information visit www.slb.com.
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