A fire has erupted at the facility used by U.S. oil services company Schlumberger (NYSE: SLB) at Angola’s oil logistics hub in the capital Luanda, the chairman of state-run oil company Sonangol told a news briefing on Feb. 28.
Schlumberger, the world’s largest oilfield services, is a bellwether for oilfield services and drilling.
“There is a large fire at the Schlumberger facility in Sonils,” Carlos Saturnino said when presenting the company’s financial results and oil production.
“We don’t know much more at present, but should have more information by this afternoon.”
The extent of the fire could not be independently verified by Reuters.
In January, Schlumberger reported a net loss of $1.51 billion, down from $1.69 billion in 2016.
Companies added seven oil rigs in the week to Feb. 8, bringing the total count to 854, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
In today’s oilfield environment, knowledge is the most effective weapon against risk and uncertainty.
The company didn’t disclose the value of the deal.