Schlumberger's OneSubsea Wins Green Production System Deal For TotalEnergies' Angola Project
Portfolio Pulse from Lekha Gupta
Schlumberger's OneSubsea joint venture has secured a contract from TotalEnergies for a Subsea Production System in Angola. The project aims to enhance production sustainability and is expected to commence in 2028 with an initial output of 70,000 barrels of oil per day. Schlumberger's stock saw a slight increase following the announcement.
July 03, 2024 | 4:14 pm
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POSITIVE IMPACT
Schlumberger's OneSubsea has won a significant contract from TotalEnergies for a Subsea Production System in Angola. This project is expected to enhance production sustainability and commence in 2028 with an initial output of 70,000 barrels of oil per day.
The contract win is a positive development for Schlumberger, indicating future revenue streams and enhanced production capabilities. The stock price has already seen a slight increase, reflecting investor optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TotalEnergies has partnered with Schlumberger's OneSubsea for a Subsea Production System in Angola. The project aims to enhance production sustainability and is expected to commence in 2028 with an initial output of 70,000 barrels of oil per day.
The partnership with Schlumberger's OneSubsea is a strategic move for TotalEnergies, enhancing its production capabilities and sustainability efforts. This is likely to be viewed positively by investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80