Schlumberger, Milaha sign Qatar MoU

DOHA, September 28, 2020 – Schlumberger has signed an MoU on co-operation with Qatari maritime and logistics firm Milaha in a move of support for the country’s localisation drive.

The five-year joint development project will include a Qatari-owned, -flagged and -operated oil well stimulation vessel, the Qatari company announced on Sunday. Pre-engineering for the vessel has begun.

Milaha is one of the largest and most diversified maritime and logistics companies in the Middle East. The company’s services portfolio includes LNG, petroleum and petrochemical products shipping, container shipping, ship repair, port and logistics services, bulk shipping, and offshore support services.

Schlumberger has emphasised the value it places on localisation. “Relying on local capabilities has become the way to do business going forward,” Amit Singh, the company’s Qatar managing director, told The Energy Year in an interview for the forthcoming Qatar edition of the Crisis and Resilience in the Covid-19 Era series.

“If a company wants to bring reliability and cost efficiency to the supply chain, it is important to rely on local resources and use local engineering and manufacturing as much as possible.”

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