Schlumberger Ltd., New York, (NYSE: SLB) has acquired a minority share in Canadian-based completions company Packers Plus Energy Services. Schlumberger has also acquired exclusive rights to deploy and market Packers Plus technology worldwide, excluding North America. "With the push to increase production from maturing fields, the market for our multistage fracturing and stimulation services is expanding rapidly," says Mark Corrigan, president, well services, Schlumberger. "The Packers Plus technology will enable Schlumberger to tailor stage treatment designs to yield better production results for our customers while also making significant improvements to operational efficiencies." As a result of this agreement, Schlumberger is introducing two new services to enable efficient stimulation of multiple zones in deviated and horizontal wells.
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