Petrofac and Schlumberger recently announced that Petrofac has sold its 50 percent interest in Petro-SPM Integrated Services S.A. de C.V to Schlumberger. Petro-SPM operates the Pánuco Integrated Service Contract in Mexico. Schlumberger now owns 100 percent of Petro-SPM.
Rob Jewkes, Chief Operating Officer, Petrofac Integrated Energy Services, commented: “We are pleased to conclude this transaction, which is in line with our strategy and simplifies the ownership of the Pánuco field. We will continue to focus on the remaining production service contracts in our Mexican portfolio.”