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SLB OneSubsea secures contract for Equinor’s North Sea project

SLB OneSubsea secures contract for Equinor’s North Sea project

 

The contract is for the second stage of phase three of the North Sea Troll project, offshore Norway.

LB OneSubsea, a collaboration between SLB, Aker Solutions, and Subsea7, has been awarded a sizable contract by Norwegian oil and gas company Equinor.

The contract is for the second stage of Phase 3 of the North Sea Troll project.

Located in the northern North Sea, Troll field is undergoing an expansion with an eight well project tied back to the Troll A Condeep platform.  

SLB OneSubsea said this latest contract underlines its role as a key supplier to Equinor, building on a collaborative frame agreement from 2017.

The scope of the contract includes nine standard NCS2017+ vertical trees along with wellheads, tubing hangers, subsea control modules, and other essential equipment.  

This comes on the heels of a Nkr12bn ($1.13bn) investment by Equinor and its partners to enhance the Troll gas field’s infrastructure.

The upgrade is anticipated to expedite the production of about 55 billion standard cubic metres of gas.  

At its peak, the new development is expected to yield an annual output of nearly seven billion cubic metres of gas.

The operators of the field, Equinor, holds a 30.58% stake, while partners Petoro, Shell, TotalEnergies EP Norge, and ConocoPhillips Skandinavia own 56%, 8.10%, 3.69%, and 1.62% stake, respectively.

SLB OneSubsea CEO Mads Hjelmeland said: “We deeply appreciate our long-standing relationship with Equinor, and we look forward to continuing our collaboration on the Troll field. This frame agreement is and has been an important conduit for joint value creation, supporting the transparency, teamwork and collaborative solutions necessary to unlock maximum value from our NCS projects together.”

Earlier in the month, OKEA entrusted SLB OneSubsea and Subsea7’s Subsea Integration Alliance with the Bestla project in the North Sea.

Read the latest issue of the OGV Energy magazine HERE

Published: 28-05-2024

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