Schlumberger, an oilfield services company, and Thermal Energy Partners, a Texas-based geothermal energy company, agreed to form GeoFrame Energy, a geothermal project development company. Financial terms were not disclosed. "Through GeothermEx, a Schlumberger company, we have acquired extensive knowledge of geothermal resource assessment and project design implementation. By combining our geothermal, subsurface and drilling expertise with TEP’s experience in project development and risk mitigation, we will develop de-risked and streamlined geothermal projects on a global scale," Ashok Belani, Schlumberger New Energy Executive Vice President.