Golar LNG and Schlumberger sign MoU
Published by Angharad Lock,
Digital Assistant Editor
LNG Industry,
Golar LNG has announced that it has signed a MoU with Schlumberger to co-operate on the global development of greenfield, brownfield and stranded gas reserves.
Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas monetisation solutions to owners, investors and governments. Golar will contribute the Floating LNG assets and technology while Schlumberger, via its special project management division, will provide upstream development knowledge, resources and capital. The intention of this integrated offer is to gain access to a wide range of uneconomic gas reserves by delivering low-cost LNG production solutions.
This agreement will provide resource holders with a completely integrated package both reducing risk and securing financing for gas projects.
Both parties expect to announce the first project within the next two months.
Edited from press release by Angharad Lock
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/22012016/golar-lng-and-schlumberger-sign-mou-1965/
You might also like
S&P Global Commodity Insights: Changing restrictions on Russian gas to Europe would disproportionately impact US LNG exports
Future course of sanctions and flow of Russian gas to Europe could impact up to US$120 billion of investment and 29 million tpy for future US LNG projects, says a new S&P Global Commodity Insights study.