SLB OneSubsea Awarded Contract by Equinor for Groundbreaking All-Electric Subsea Project
27 Giugno 2024 - 2:57PM
Business Wire
Twelve-well campaign will enable accelerated global adoption of
electric subsea technology and reduce emissions from subsea
operations
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the full release here:
https://www.businesswire.com/news/home/20240626420141/en/
The Fram Sør project is the first
application to be implemented resulting from a joint industry
project to accelerate the development of breakthrough
electrification technology through a standardized industry
solution. (Photo: Business Wire)
SLB (NYSE: SLB) has announced a contract award from Equinor for
the front-end engineering design (FEED) of a 12-well, all-electric
Subsea Production Systems (SPS) project in the Fram Sør field,
offshore Norway. The project will fast-track wide-scale global
adoption of electric subsea technology, setting new standards for
increased operator control, subsea operational efficiency and
reduced offshore emissions. As part of the agreement, future
engineering, procurement and construction will be directly awarded
to SLB OneSubsea conditional on a final investment decision.
This project is the first application to be implemented
resulting from a joint industry project, which commenced in 2018
and involved close collaboration across major industry players to
accelerate the development of breakthrough electrification
technology through a standardized industry solution. Basing the
design on an established standard enables efficient and economic
scaling of subsea electrification for operators worldwide, bringing
associated capex and opex benefits.
“Electrification is vital to the future of subsea operations in
the energy transition,” said Mads Hjelmeland, chief executive
officer of SLB OneSubsea. “This technology has effectively created
the IoT for subsea trees, providing operators with improved control
through live performance and condition monitoring. We are grateful
for the collaboration with Equinor and the other
joint-industry-partners over the past six years that has made this
milestone possible.”
The Fram Sør solution will use SLB OneSubsea’s standard subsea
tree design, upgraded with a fully electrified power, control and
actuation system, while the elimination of high-pressure hydraulic
systems will enable operators to go further and deeper, improving
production and making even marginal fields more viable.
About SLB
SLB (NYSE: SLB) is a global technology company that drives
energy innovation for a balanced planet. With a global footprint in
more than 100 countries and employees representing almost twice as
many nationalities, we work each day on innovating oil and gas,
delivering digital at scale, decarbonizing industries, and
developing and scaling new energy systems that accelerate the
energy transition. Find out more at slb.com.
About SLB OneSubsea
SLB OneSubsea is driving the new subsea era that leverages
digital and technology innovation to optimize our customers’ oil
and gas production, decarbonize subsea operations, and unlock the
large potential of subsea solutions to accelerate the energy
transition. SLB OneSubsea is a joint venture backed by SLB, Aker
Solutions, and Subsea7 headquartered in Oslo and Houston, with
10,000 employees across the world. Find out more at
onesubsea.com.
Cautionary Statement Regarding Forward-Looking
Statements:
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as “expect,” “may,” “can,” “estimate,”
“intend,” “anticipate,” “will,” “potential,” “projected" and other
similar words. Forward-looking statements address matters that are,
to varying degrees, uncertain, such as forecasts or expectations
regarding the deployment of, or anticipated benefits of, SLB’s new
technologies and partnerships; statements about goals, plans and
projections with respect to sustainability and environmental
matters; forecasts or expectations regarding energy transition and
global climate change; and improvements in operating procedures and
technology. These statements are subject to risks and
uncertainties, including, but not limited to, the inability to
achieve net-negative carbon emissions goals; the inability to
recognize intended benefits of SLB’s strategies, initiatives or
partnerships; legislative and regulatory initiatives addressing
environmental concerns, including initiatives addressing the impact
of global climate change; the timing or receipt of regulatory
approvals and permits; and other risks and uncertainties detailed
in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or
furnished to the U.S. Securities and Exchange Commission. If one or
more of these or other risks or uncertainties materialize (or the
consequences of such a development changes), or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those reflected in our forward-looking statements. The
forward-looking statements speak only as of the date of this press
release, and SLB disclaims any intention or obligation to update
publicly or revise such statements, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240626420141/en/
Media Moira Duff – Director of External Communications
SLB Tel: +1 (713) 375-3407 media@slb.com Investors James R.
McDonald – Vice President of Investor Relations Joy V. Domingo –
Director of Investor Relations SLB Tel: +1 (713) 375-3535
investor-relations@slb.com
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