LONDON--Sirius Petroleum PLC (SRSP.LN) said Monday it has entered into a milestone contract for the provision of an integrated services management contract with oilfield services company Schlumberger.

The investing company focused on oil and gas exploration and development opportunities in Nigeria, said the contract is for a multi-well campaign, which will commence in the first half of 2017. Schlumberger will provide Sirius with a comprehensive package of managed and integrated products and services.

Sirius said the contract envisages a drilling program on the Ororo Field and can be expanded to include other potential offshore assets.

Sirius shares at 0915 GMT flat at 1 pence, valuing the company at GBP11.5 million.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

December 19, 2016 04:30 ET (09:30 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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