Sirius Announce Integrated Project Service Agreement

Sirius Announce Integrated Project Service Agreement

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, announced that it has entered into another milestone contract for the provision of an integrated services management (ISM) contract with Schlumberger, the world’s leading oilfield services company.

As part of Sirius’ shallow offshore development strategy in Nigeria, the contract is for a multi-well campaign, which will commence in the first half of 2017.

Schlumberger will provide Sirius with a comprehensive package of managed and integrated products and services including directional drilling services, logging, completion and production fluids, cementing and pumping services, well intervention and stimulation products and services, well testing services, wellsite communications and data and software solutions.

  1. The contract envisages a drilling programme on the Ororo Field and can be expanded to include other potential offshore assets.

Source/ More : Sirius Petroleum Plc

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The Ororo field, discovered in 1986, lies in shallow waters offshore Ondo State in water depths ranging between 23ft and 27 ft. Guarantee Petroleum has a 55% participating equity interest in the Ororo field with Owena Oil & Gas as its partner, holding the remaining 45% interest. Sirius Petroleum acts as the technical and financing partner in the development of the Ororo field.