Zawya - Press Releases: Etihad Energy Holdings Signs Long-Term Lease Agreement with Schlumberger

Dubai, UAE – Etihad Energy Holding Company announced the signing of a long-term charter agreement for the Allianz Warrior well stimulation vessel with Schlumberger Western LLC (SLB), one of the world’s leading oilfield services companies. This move reflects the group’s growing position as a trusted offshore partner for major international energy companies operating in UAE waters. The agreement establishes a stable, long-term contractual income stream for the group, supported by automatic renewal clauses and insulated from commodity price volatility. This enhances the quality and sustainability of revenues and reinforces the group’s strategic vision of building a robust and diversified revenue base .

Schlumberger's selection of the Allianz Warrior vessel underscores its confidence in the high technical and operational standards the group upholds in managing its marine assets. It also reflects Schlumberger's unwavering commitment to the highest levels of quality, efficiency, and safety, solidifying its position as a preferred partner for energy giants in the region and globally . This achievement represents another step in the group's journey to strengthen its presence in the energy and marine infrastructure sector, aligning with its strategic direction and ambitious vision to enhance sustainable value for its shareholders .

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