Golar LNG has struck up a new joint-venture with Schlumberger focusing on the FLNG market.

Christened OneLNG, Golar will hold a 51% slice of the business with its new partner controlling the balance. The brief is to rapidly develop low cost gas reserves to LNG.

Tor Olav Troim, vice chairman of Golar, said, "Our new venture with Schlumberger provides a powerful union of their oilfield services technology and production management business, and our low cost FLNG solution.

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