Saudi Arabia - joining the dots

A series of blog entries exploring Saudi Arabia's role in the oil markets with a brief look at the history of the royal family and politics that dictate and influence the Kingdom's oil policy

AIM - Assets In Market

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Iran negotiations - is the end nigh?

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Yemen: The Islamic Chessboard?

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Acquisition Criteria

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Valuation Series

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Showing posts with label Schlumberger. Show all posts
Showing posts with label Schlumberger. Show all posts

Tuesday 25 April 2017

More innovative investment from Schlumberger for Sound Energy


Sound and Schlumberger have agreed to extend their partnership under the existing Field Management Agreement. In an era where more innovative financing arrangements are being seen, Schlumberger will be granted 27.5% interest in the Meridja and Tendrara Relinquished Areas in exchange for providing services.

Schlumberger will carry out the upcoming geophysical programme which will include:
  • 2,600km of new 2D seismic covering the Paleozoic across the Tendrara and Meridja areas; and
  • 24,000km2 of gravity gradiometry
The programme has an estimated value of USD27.2 million and will be completed over the next 12 months in stages, with an updated prospect inventory produced at each stage.