SLB Subsea

SLB OneSubsea Secures Contract from Equinor for Electric Subsea Project

SLB has announced that it has been awarded a contract by Equinor for the front-end engineering design (FEED) of an all-electric Subsea Production Systems (SPS) project. This project will take place in the Fram Sør field, located offshore Norway. The project includes a 12-well campaign aimed at accelerating the global adoption of electric subsea technology and reducing emissions from subsea operations.

This initiative marks the first application to be implemented from a joint industry project that began in 2018. The goal of this project was to develop electrification technology through a standardized industry solution. The Fram Sør project is set to set new standards in subsea operational efficiency and control while reducing offshore emissions. The agreement includes provisions for future engineering, procurement, and construction, which will be directly awarded to SLB OneSubsea, contingent on a final investment decision.

“Electrification is vital to the future of subsea operations in the energy transition,” said Mads Hjelmeland, chief executive officer of SLB OneSubsea. “This technology has effectively created the IoT for subsea trees, providing operators with improved control through live performance and condition monitoring. We are grateful for the collaboration with Equinor and the other joint-industry partners over the past six years that has made this milestone possible.”

The project will use SLB OneSubsea’s standard subsea tree design, enhanced with a fully electrified power, control, and actuation system. The elimination of high-pressure hydraulic systems will allow operators to extend their reach, improving production and making even marginal fields more viable.

The collaboration between SLB and Equinor is a significant step towards achieving greater efficiency and sustainability in subsea operations. The project aims to demonstrate the benefits of electric subsea technology on a global scale, offering cost advantages in both capital and operational expenditures.

This development comes at a time when the energy industry is under pressure to innovate and reduce environmental impact. The success of the Fram Sør project could lead to broader adoption of electric subsea technology, furthering the industry’s transition towards more sustainable practices.

The contract signifies a major milestone for SLB OneSubsea and its partners, underscoring their commitment to advancing subsea technology. The joint efforts over the past six years highlight the potential for industry-wide collaboration to bring about significant technological advancements.

SLB’s role in this project demonstrates its leadership in the subsea sector and its dedication to providing cutting-edge solutions that meet the evolving needs of the energy industry. The Fram Sør project is poised to make a substantial impact on how subsea operations are conducted, paving the way for future innovations in the field.

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