HOUSTON, May 17, 2017—FairfieldNodal and Schlumberger today announced a strategic multiclient joint venture in the southern Delaware Basin of West Texas.

The area of mutual interest encompasses approximately 1,100 square miles. The first phase of the Coyanosa Survey will consist of approximately 306 square miles of high-quality, 3D seismic data in Ward, Reeves and Pecos Counties, Texas. The resulting 3D data, for which non-exclusive licenses will be available, will tie into existing FairfieldNodal and WesternGeco 3D data to provide customers with contiguous data coverage in the southern Delaware Basin.

“Under the present oil and gas market conditions, collaborations allow us to quickly and economically provide our customers not only high-end imaging solutions, but also an in-depth knowledge of the multiple reservoirs and drilling hazards that exist in the area,” said Maurice Nessim, president, WesternGeco, Schlumberger.

“FairfieldNodal has been very active in the Delaware Basin, and this project is the logical next step for us,” added Charles (Chuck) Davison, CEO, FairfieldNodal. “WesternGeco will be a valuable partner in the success of this project, and we are excited to work with them to offer our clients a high-quality, turnkey product.”

Permitting, which is being conducted by International Technologies Management (ITM), is well underway and field operations will begin shortly. FairfieldNodal has begun designing and testing field-acquisition parameters; processing will be provided by WesternGeco. Other contributors include Dawson Geophysical, which will handle field acquisition, and TRNCO Petroleum, which will provide project management.

Data will be jointly licensed by FairfieldNodal and WesternGeco. Interested customers should contact their FairfieldNodal or WesternGeco sales representatives.

About FairfieldNodal

Privately held FairfieldNodal, a global leader in seismic nodal technology, designs and manufactures a complete range of revolutionary, true cable-free ZLand® and ZMarine® systems, and offers expert marine acquisition and data processing services. Famous for its ever-improving Gulf of Mexico Shelf multi-client database, the company is also expanding licensing coverage in the revitalized Permian Basin.

About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $27.81 billion in 2016. For more information, visit www.slb.com.

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For further information, contact:

Debra Dryer
Marketing Coordinator
FairfieldNodal
Tel: +1 281 275 7500
ddryer@fairfieldnodal.com

Susan Ganz
Public Relations Manager-Western Hemisphere
Schlumberger
Tel: +1 713 939 2997
sganz1@slb.com