Schlumberger <SLB.N> unit wins Kazakh contract
I found this artilcle and thought it might be note worthy. Schlumberger owns the company which purchased several switches to solve their off shore bandwidth problems. I wonder if the switches will be used for this sizable prodject or if more switches will be purchased.
HOUSTON, Jan 23 (Reuters) - A division of oilfield services company Schlumberger Ltd has been awarded a contract for a 3-dimensional survey covering 1,152 square kilometres in Kazakhstan, the company said on Friday.
Schlumberger Geco-Prakla said that the contract on the Tengiz field was the largest 3D land seismic project awarded in the former Soviet Union.
Seismic studies on the field, which has an estimated six to nine billion barrels of oil reserves, started in December and will run for 12 months.
The Tengizchevroil consortium groups U.S. oil major Chevron Corp <CHV.N>, with 45 percent, Kazakhstan and Mobil Corp <MOB.N> of the U.S., 25 percent each, and LUKARCO, a venture between Russia's LUKoil <LKOH.RTS> and ARCO <ARC.N> of the U.S., five percent.
18:16 01-23-98
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