Packers Plus Energy Services Inc. and Schlumberger have entered into a global alliance, enabling the two oilfield service companies to become channel partners in key markets around the world.

"By combining the strength of Packers Plus's technologies in multi-stage completions with Schlumberger's impressive customer footprint, our two companies will be able to rapidly deliver best-in-class solutions to a wide variety of operators around the world," said Packers Plus president, Ian Bryant.

As part of the alliance, Schlumberger will sell Packers Plus's technology internationally and Packers Plus will sell complementary Schlumberger technology in Canada.

This agreement will help create new opportunities in this low oil price environment, as the alliance enables both companies to capitalize on their complementary strengths and drive their investments and efforts to deliver greater value to operators around the world. The alliance allows for each organization to maintain autonomy and preserve an independence that allows for continued personalized customer service.