SLB Announces Contract Award From Equinor for FEED of 12-Well All-Electric Subsea Production Systems Project in Fram Sør Field, Offshore Norway
Portfolio Pulse from Benzinga Newsdesk
SLB has been awarded a contract by Equinor for the Front-End Engineering Design (FEED) of a 12-well all-electric subsea production systems project in the Fram Sør field, offshore Norway. The project aims to enhance operator control, efficiency, and reduce offshore emissions. A future Engineering, Procurement, and Construction (EPC) contract is expected to be awarded to SLB OneSubsea pending a final investment decision.
June 27, 2024 | 1:03 pm
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POSITIVE IMPACT
Equinor has awarded a FEED contract to SLB for a 12-well all-electric subsea production systems project in the Fram Sør field. This project aims to enhance operational efficiency and reduce emissions, aligning with Equinor's sustainability goals.
The contract award to SLB reflects Equinor's commitment to enhancing operational efficiency and reducing emissions. This project aligns with Equinor's sustainability goals and could positively impact its reputation and operational performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SLB has been awarded a FEED contract by Equinor for a 12-well all-electric subsea production systems project in the Fram Sør field. This contract could lead to a future EPC contract, enhancing SLB's revenue and market position.
The FEED contract award is a significant win for SLB, indicating strong business relations with Equinor and potential for future revenue from the EPC contract. This project aligns with industry trends towards efficiency and emission reduction, likely boosting SLB's market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100