Golar LNG, Schlumberger Form Gas Partnership
Golar LNG has signed a Memorandum of Understanding with Schlumberger (SLB) to cooperate on the global development of greenfield, brownfield and stranded gas reserves.
Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas monetization 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.
The agreement aims to provide resource holders with a completely integrated package both reducing risk and securing financing for gas projects, while the main aim of the venture is to accelerated the time it takes to bring proven gas reserves into production.
Both parties have initiated activities and have already made progress, with the first project expected to be announced within the next two months.
