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Schlumberger acquires 50% interest in Petro-SPM from Petrofac

04 Sep 2017

De Brauw has advised Schlumberger on the acquisition of 50% interest in Petro-SPM from Petrofac.

Schlumberger has acquired a 50% interest in Petro-SPM Integrated Services from Petrofac. Petro-SPM is a joint venture company set up to operate the onshore Pánuco field. Petrofac and Schlumberger established Petro-SPM Integrated Services in March 2013 under a 30-year integrated services contract signed with Pemex. Schlumberger now holds a 100% interest in Petro-SPM.

De Brauw involvement
Legal counsel to Schlumberger

Other advisors
Loyens & Loeff; Dutch advisor to Seller

De Brauw lead partner
Constantijn Voogt

De Brauw team
Tijmen Klein Bronsvoort, Christopher Parker

Matter Type
Fund/Investment Management
Industry
Energy & Utilities
News Category
M&A