Business news from Ukraine

SCHLUMBERGER TO PROVIDE SERVICES FOR $92 MLN TO STATE-RUN UKRGAZVYDOBUVANNIA

Schlumberger Services Ukraine LLC will provide coiled tubing (CT) services, including high-tech services using CT drilling rig and engineering support, for $92 million to JSC Ukrgazvydobuvannia. According to a report of Naftogaz Ukrainy, the respective contract, which is to be implemented in the next three years, was signed with Schlumberger Services Ukraine in October 2018. One CT drilling rig has been shipped to Ukraine and is ready to be exploited at wells of Ukrgazvydobuvannia.
“Ukrgazvydobuvannia expects to improve its technological expertise and enhance the production of hydrocarbons using highly efficient CT services and other technologies provided by Schlumberger,” the company said.
In addition, Naftogaz and Ukrgazvydobuvannia intend to further enhance their strategic technology collaboration with Schlumberger Services Ukraine LLC in drilling, hydraulic fracturing, hydraulic stimulation, software development and 3D modeling, as well as the provision of advanced equipment and software solutions. The companies have signed the respective memorandum of understanding.
Naftogaz said that this collaboration with Schlumberger will give Ukrgazvydobuvannia and Naftogaz access to high-technology solutions to help deliver their Strategy 20/20 goals.
Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry.

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