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Petrofac sells stake in Pánuco contract to Schlumberger

Petrofac and Schlumberger have announced that Petrofac has sold its 50% 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% of Petro-SPM.