Schlumberger and Weatherford form joint venture OneStim for North America unconventionals

Schlumberger and Weatherford announced a joint venture, OneStim, to deliver completions products and services for unconventional resource plays in the US and Canada land markets. Schlumberger will have 70% ownership and Weatherford 30%, with Schlumberger paying Weatherford USD 535 million. The transaction is expected to close in H2 2017.

“Schlumberger and Weatherford announced that they will create a joint venture to deliver completions, products, and services for the development of unconventional resource plays in the US and Canada land markets.”jpt.spe.org

• 1 source
• jpt.spe.orgSchlumberger and Weatherford to Form Joint VentureMar 26, 2017

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