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Milaha, Schlumberger ink pact for well stimulation vessels

Photo: Milaha 2020-09-27-Milaha-Schlumberger.jpg
Qatar’s Milaha has penned a memorandum of understanding with US oilfield services firm Schlumberger Limited to order oil well stimulation vessels for work in Qatar.

The offshore and marine pillar of Milaha and Schlumberger entered the formal agreement as a five-year joint development project that will include Qatar-owned, flagged and operated well stimulation vessels. The first of these offshore vessels will be designed and outfitted in Qatar.

The cooperation will also support the Tawteen initiatives for Qatar. Led by Qatar Petroleum, the Tawteen program aims to localise the energy sector’s supply chain and create new investment opportunities to retain economic value in Qatar.

Milaha said the joint service is expected to enhance the “expertise of a global multinational service firm like Schlumberger as well as the leading Qatar-based multi-disciplined local service company like Milaha.”

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