SLB OneSubsea awarded contract by Equinor for all-electric subsea project

SLB has announced a contract award from Equinor for the front-end engineering design or FEED, of a 12-well, all-electric Subsea Production Systems SPS project in the Fram Sor 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.