Sri Lanka Signs Deal With Schlumberger Subsidiary For $50 Million Seismic Study

Sri Lanka on May 30 signed an agreement with a subsidiary of U.S. firm Schlumberger (NYSE: SLB) for a $50 million seismic study off the country’s east coast to evaluate any prospective oil resources, a senior government official said.

Sri Lanka signed the agreement with Eastern Echo DMCC, a subsidiary of Schlumberger, to carry out seismic data acquisition surveys, advance data processing and interpretation work or modelling of petroleum systems.