Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Schlumberger Bags $1.9 Billion Pemex Contracts

|Includes:Schlumberger Limited (SLB)

Schlumberger has secured from Pemex three multi-year integrated project contracts valued at over $1.9 billion. The contracts are related to ongoing integrated project activity in the South Region and continued activity in Pemex North Region.

Schlumberger added that the award was based on commercial terms, QHSE, and the company's proven technology track record in Mexico in the deep complex well environment.

In Mar-2014, Oilex announced that it awarded Schlumberger the fracture stimulation services contract for Cambay-77H, located in the Cambay PSC in India.

In Aug-2012, JKX Oil & Gas announced the award of contracts between Poltava Petroleum Co and Schlumberger.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: SLB