Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Petroleum LSE:SRSP London Ordinary Share GB00B03VVN93 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -4.65% 1.025p 1.00p 1.05p 1.075p 1.025p 1.075p 27,342,996 09:36:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -2.2 -0.1 - 25.91

Sirius Petroleum Signs Integrated Services Management Pact with Schlumberger

19/12/2016 9:45am

Dow Jones News


Sirius Petroleum (LSE:SRSP)
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LONDON--Sirius Petroleum PLC (SRSP.LN) said Monday it has entered into a milestone contract for the provision of an integrated services management contract with oilfield services company Schlumberger.

The investing company focused on oil and gas exploration and development opportunities in Nigeria, said the contract is for a multi-well campaign, which will commence in the first half of 2017. Schlumberger will provide Sirius with a comprehensive package of managed and integrated products and services.

Sirius said the contract envisages a drilling program on the Ororo Field and can be expanded to include other potential offshore assets.

Sirius shares at 0915 GMT flat at 1 pence, valuing the company at GBP11.5 million.

 

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

December 19, 2016 04:30 ET (09:30 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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