M-I SWACO lands $800M Angola contract
April 17th, 2010
M-I SWACO has been awarded a six-year, $800 million multi-services contract by Cabinda Gulf Oil Company Ltd.
Houston-based M-I will provide drilling waste management, filtration, wellbore cleanup tools and other services for six to 10 drilling rigs off the coast of Cabinda, Angola in shallow and deep water.
M-I SWACO is jointly owned by Houston firms Smith International Inc on line pay day loans. (NYSE: SII) and Schlumberger Ltd. (NYSE: SLB).
The Cabinda Gulf Oil Company is an exploration and production company headquartered in Luanda, Angola.
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