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  • Golar and Schlumberger Form OneLNG Joint Venture
    édité le 25/07/2016 - Plus de news de "SCHLUMBERGER" - Voir la fiche entreprise de "SCHLUMBERGER"


Golar and Schlumberger Form OneLNG Joint Venture
Golar LNG Limited (“Golar”) and Schlumberger announced the creation of OneLNG℠, a joint venture to rapidly develop low cost gas reserves to LNG. The combination of Schlumberger reservoir knowledge, wellbore technologies and production management capabilities, with Golar’s low cost FLNG (Floating LNG) solution, will offer gas resource owners a faster and lower cost development thereby increasing the net present value of the resources.

Golar and Schlumberger have 51/49 ownership of the joint venture. Golar and Schlumberger have agreed an initial investment commitment to cover the estimated equity needed to develop the first project. In addition, the parties will on a project-by-project basis discuss additional debt capital as required. This future financing will take into account Golar’s FLNG intellectual property through an equitable contribution mechanism to be agreed between the parties.

Golar Vice Chairman, Tor Olav Troim said, “Our new venture with Schlumberger provides a powerful union of their oilfield services technology and production management business, and our low cost FLNG solution. It leverages Golar’s LNG expertise, and builds upon our industry leading position as a midstream solutions provider.”

Schlumberger, President Operations, Patrick Schorn commented, “This new joint venture is uniquely positioned to optimize the development of low cost gas reserves. The technology platform and production management capability that Schlumberger brings will enable a total system approach, leading to a simpler and fast-tracked FID process, and reliable operational execution for the benefit of the gas resource owners.”

OneLNG will be the exclusive vehicle for all projects that involve the conversion of natural gas to LNG, which require both Schlumberger Production Management services and Golar’s FLNG expertise. After reviewing the current market opportunities where 40% of the world’s gas reserves can be classified as stranded, both parties are excited at the future prospects of OneLNG and are confident that it would conclude 5 projects within the next 5 years.

About Golar LNG

Golar LNG is one of the world’s largest independent owners and operators of LNG carriers with over 30 years of experience. The company developed the world’s first Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Our strategic objective is to become an integrated midstream player in the LNG industry. For more information, visit www.golarlng.com.
About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $35.47 billion in 2015.


Origine : Communiqué SCHLUMBERGER

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