US Schlumberger oilfield services company resumes work in Libya

“In the first quarter, the North America land market continued to strengthen in terms of both activity and pricing, leading us to begin accelerating [photo: GuruFocus]
The US Schlumberger oilfield services company will resume work with Sirte Company for Gas and Oil Production after it has stopped work in Libya for over three years, reported Libyan News Agency (LANA)

LANA added that Schlumberger’s return call came after the positive assessment of the oilfields’ security conditions of Sirte Company by a specialized foreign firm in coordination with the US company.

It also added that the security evaluation included eastern Zilton, Al-Jabal, Alwadi, Al-Laheeb, Al-Mugail, and other oilfields as well as Brega oil terminal, adding that security check will soon be run at Raguba oilfield.

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