Golar LNG and Schlumberger sign MoU

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/