Schlumberger has entered into a collaboration agreement with China Petroleum Logging Co. Ltd (CNPC Logging), a subsidiary of China National Petroleum Corp. (CNPC), to jointly manufacture wireline downhole technology in China.
The agreement will strengthen the commercial and technical collaboration between the two companies and aligns with Schlumberger’s commitment to enable technology access in key basins.
The collaboration agreement will provide CNPC Logging with a license to manufacture fit-for-basin wireline technology. As part of the agreement, Schlumberger will support CNPC Logging on the manufacturing and sustaining activities for ThruBit through-the-bit logging technology at the CNPC Logging technology center in Xi’an, Shaanxi province.
“CNPC Logging and Schlumberger have entered into an agreement to begin the co-manufacture of ThruBit logging tools marking a historic milestone in the relationship between the two companies. With the growing number of horizontal wells undertaken by CNPC each year, the ThruBit platform has become essential to our reservoir evaluation strategy. In today’s low oil price environment, this partnership is more important than ever and this new business model will help us to achieve mutual benefits. I look forward to strengthening the collaboration between our management and technical teams, to continue delivering high-quality products in order to keep improving the efficiency and performance of the CNPC oil fields,” Li Jianhao, president, CNPC Logging, said.
Recommended Reading
E&P Highlights: Sep. 2, 2024
2024-09-03 - Here's a roundup of the latest E&P headlines, with Valeura increasing production at their Nong Yao C development and Oceaneering securing several contracts in the U.K. North Sea.
Breakthroughs in the Energy Industry’s Contact Sport, Geophysics
2024-09-05 - At the 2024 IMAGE Conference, Shell’s Bill Langin showcased how industry advances in seismic technology has unlocked key areas in the Gulf of Mexico.
Interoil to Boost Production in Ecopetrol Fields
2024-09-03 - Interoil will reopen shut-in wells at three onshore fields, which are under contract by Ecopetrol.
Chevron Boosts Oil, NatGas Recovery in Gulf of Mexico
2024-09-03 - Chevron’s Jack/St. Malo and Tahiti facilities have produced 400 MMboe and 500 MMboe, respectively.
CNOOC Makes Ultra-deepwater Discovery in the Pearl River Mouth Basin
2024-09-11 - CNOOC drilled a natural gas well in the ultra-deepwater area of the Liwan 4-1 structure in the Pearl River Mouth Basin. The well marks the first major breakthrough in China’s ultra-deepwater carbonate exploration.