Equipment commitment enables accelerated delivery of subsea project pipeline for Vår Energi
HOUSTON--BUSINESS WIRE--
SLB (NYSE: SLB) has announced an agreement between its OneSubsea™ joint venture and Vår Energi to deliver a sizeable subsea production systems (SPS) work scope. This award leverages the existing strategic subsea partnership agreement between the two companies for standardized subsea equipment, supporting multiple upcoming oil and gas developments on the Norwegian Continental Shelf (NCS).
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The two four-well equipment packages leverage SLB OneSubsea's standard, configurable subsea platform and will enable Vår Energi to fast-track subsea developments on the Norwegian Continental Shelf, significantly reducing time from final investment decisions to delivery across their project pipeline.
Under this SPS pre-commitment program, work commences immediately to deliver two equipment packages. The first package consists of a complete SPS system, including four vertical subsea trees, wellheads, templates, manifolds, umbilicals and all other associated SPS equipment, which upon delivery can be expediently deployed by Vår Energi to any field in their portfolio. The second package includes the engineering and procurement of all components needed for another same-size SPS system, enabling a reduced lead time for any subsequent project developments.
"Simplification is key to unlocking more resources, faster, and this novel approach stems from Vår Energi's long term, strong commitment to our standard, configurable solutions," said Mads Hjelmeland, CEO of SLB OneSubsea. "This is a significant step forward for our partnership, and we are grateful for our open, collaborative relationship with Vår that now leads to such new ways of creating mutual value for both companies."
The two four-well equipment packages leverage SLB OneSubsea's standard, configurable subsea platform and will enable Vår Energi to fast-track subsea developments on the Norwegian Continental Shelf, significantly reducing time from final investment decisions to delivery across their project pipeline.
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.
