Schlumberger Acquires Phoenix Petroleum Services

... Product details - View LPG storage facility from Korea National OilHOUSTON, Oct. 3 — Schlumberger Oilfield Services, a unit of Schlumberger Ltd., New York City, acquired Phoenix Petroleum Providers of Inverurie, Scotland, which gives instruments, technologies, and strategies to optimize production from artificially lifted wells, notably these using submersible pumps.

The acquisition will enhance Schlumberger’s international in-nicely monitoring and artificial elevate companies, mentioned company officials. Nevertheless, no financial details of the acquisition were provided.

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“Phoenix is a perfect complement to our vision of real-time, built-in field and reservoir administration,” said Peter Goode, president of properly completions and productivity at Schlumberger. The acquisition “will provide speedy worth to our submersible pump and gasoline carry businesses,” he mentioned.

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