26 Mar '17, 10am

Schlumberger & Weatherford to form JV targeting N America unconventional resource development

Schlumberger & Weatherford to form JV targeting N America unconventional resource development 26 March 2017 Schlumberger and Weatherford will create OneStim, a joint venture to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets. The joint venture will offer one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry. Weatherford will contribute its leading multistage completions portfolio, cost-effective regional manufacturing capability, and supply chain. Schlumberger will provide the joint venture with access to its industry-leading surface and downhole technologies, efficient operational processes and advanced geo-engineered workflows. Schlumberger and Weatherford will have 70/30 ownership of the jo...

Full article: http://www.greencarcongress.com/2017/03/20170326-schlumbe...

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