FRAMO Engineering and Schlumberger Oilfield Services Sign Joint Venture.HOUSTON--(BUSINESS WIRE)--June 19, 1998--FRAMO Engineering AS and Schlumberger Oilfield Services Schlumberger Oilfield Services, a division of Schlumberger Limited, is the world’s largest supplier of exploration and production (E&P) services, solutions and technology to the international petroleum industry. today announced they have signed a joint venture agreement to develop and commercialize products for the multiphase flow metering Background In the oil and gas industry, a multiphase flow meter is a device deployed to measure the individual phase flow rates of oil, water and gas mixtures produced during oil production processes. of oil and gas production wells. The alliance will combine the complementary expertise, experience and technology of both companies to provide best-in-class See best-of-class. multiphase flow meters for surface and subsea Subsea is a general term frequently used to refer to equipment, technology, and methods employed to explore, drill, and develop oil and gas fields that exist below the ocean floors. This may be in "shallow" or "deepwater". applications. A joint technology center, called 3-Phase Measurements AS, will be created in Bergen, Norway, and will be staffed with personnel from both FRAMO and Schlumberger. This new center will design and manufacture common products and provide marketing and technical support. The oil industry will benefit from this combination of strengths from two key oilfield technology providers as well as from their worldwide presence in permanent monitoring, testing and production services. FRAMO Engineering AS is recognized as a world leader in multiphase Mul´ti`phase a. 1. (Elec.) Having many phases; Adj. 1. multiphase - of an electrical system that uses or generates two or more alternating voltages of the same frequency but differing in phase angle metering,multiphase pumping, swivel systems for Floating Production, Storage, Offloading applications and several other advanced technology areas for cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. field developments for marginal and deepwater fields. FRAMO's competence and experience in subsea design, along with a strong maritime background, have been important to establish this position. Schlumberger Oilfield Services is the world leader in wireline and testing technologies, including well logging Well logging, also known as borehole logging is the practice of making a detailed record (log) of the geologic formations penetrated by a borehole. The log may be based either on visual inspection of samples brought to the surface (geological , perforating, well testing and production services. Schlumberger also is the leading supplier of services to the international petroleum industry and operates offices, service locations, and research and development facilities around the world. For further information, contact: Stephen T. Harris, Media Relations Manager, Schlumberger Oilfield Services, 225 Schlumberger Drive, Sugar Land, Texas 77478, 281/285-8791, or e-mail harriss@sugar-land.oilfield.slb.com, or Jon A. Svaeren, Sales Director, FRAMO Engineering AS, Sandsliasen 40, Sandsli N-5049 Sandsli, Norway, 47 55 92 88 30, or e-mail jon-a.svaren@framoeng.no.
CONTACT: Schlumberger Oilfield Services, Sugar Land
Stephen T. Harris, 281/285-8791
harriss@sugar-land.oilfield.slb.com
or
FRAMO Engineering AS, Norway
Jon A. Svaeren, 47 55 92 88 30
jon-a.svaren@framoeng.no
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