Bayat Energy and Schlumberger has announced the execution of a Memorandum of Understanding detailing a collective plan to discuss a non-exclusive agreement under which Schlumberger will sell and/or lease certain of its oilfield equipment to Bayat Energy for use solely within Afghanistan.
According to Bayat Energy President Ehsannollah Bayat, "I am very excited to explore an agreement with Schlumberger to greatly accelerate the availability and deployment of their innovative oil and gas solutions in Afghanistan. Bayat Energy – working as a dependable, ethical and conscientious partner with the Government of the Islamic Republic of Afghanistan – aims to actively explore and develop oil and gas resources in a safe and environmentally responsible manner by leveraging technology and a talented workforce. We see this opportunity to discuss a potential agreement with Schlumberger as a terrific example of the type of world-class strategic collaborations we are pursuing in order to allow us to help transform the Afghan hydrocarbon exploration and production industry and develop Afghanistan's resources for the long-term benefit of the nation and the citizens."
Adapted from press release by Cecilia Rehn
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