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Bloomberg
Equatorial Guinea may exclude oil-service companies TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. from the country because they aren’t complying with local-content rules over training and jobs, said a government official.
Major oil companies could be asked by the end of September to cancel their contracts with those service providers and issue new tenders, the official said, asking not to be named because the information isn’t yet public. That would be similar to action taken against CHC Helicopter Corp. earlier this year, the official said.
“With regards to local content requirements in Equatorial Guinea, Schlumberger is working with the Ministry of Mines and Hydrocarbons and we have submitted our plans to ensure full compliance in due time,†Schlumberger said.