AG真人官方

SLB OneSubsea Awarded EPC Contract for Equinor鈥檚 Fram S酶r Project

Subsea electrification enables large-scale tieback solution in the North Sea

HOUSTON--(BUSINESS WIRE)-- Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea鈩� joint venture has been awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram S酶r field, offshore Norway.

SLB OneSubsea will deliver 4 subsea templates and 12 all-electric subsea trees, eliminating the need for hydraulic fluid supplied by the host platform and keeping topside modifications to a minimum.

The award follows a collaborative, year-long , where Equinor and SLB OneSubsea jointly matured the project, culminating in the development plan and final investment decision (FID). As part of the resulting EPC scope, SLB OneSubsea will deliver four subsea templates and 12 all-electric subsea trees, eliminating the need for hydraulic fluid supplied by the host platform and keeping topside modifications to a minimum. This approach unlocks a cost-effective solution for the project while retaining topside space for additional, future expansion projects in the area.

鈥淔ram S酶r is a breakthrough project for our industry 鈥� marking the first large-scale all-electric subsea production system,鈥� said Mads Hjelmeland, chief executive officer of SLB OneSubsea. 鈥淣ot only do all-electric subsea solutions significantly reduce topside needs to make large-scale tiebacks such as the Fram S酶r development possible, but they also hold the key to unlock more marginal resources through their reduced footprint and simplified operations.鈥�

The project will be developed as a subsea tieback to the host platform Troll C in the North Sea, contributing to the security of energy supply from the Norwegian continental shelf (NCS) to Europe. Benefitting from a host that is powered from Norwegian shores, the production from Fram S酶r will have very low emissions.

The contract is subject to regulatory approval of the plan for development and operations (PDO).

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. Find out more at .

About SLB OneSubsea

SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers鈥� oil and gas production, decarbonize subsea operations and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at .

Cautionary Statement Regarding Forward-Looking Statements:

This press release contains 鈥渇orward-looking statements鈥� within the meaning of the U.S. federal securities laws 鈥� that is, statements about the future, not about past events. Such statements often contain words such as 鈥渆xpect,鈥� 鈥渕ay,鈥� 鈥渃an,鈥� 鈥渆stimate,鈥� 鈥渋ntend,鈥� 鈥渁nticipate,鈥� 鈥渨ill,鈥� 鈥減otential,鈥� 鈥減rojected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB鈥檚 new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB鈥檚 strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB鈥檚 most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com:

Media

Josh Byerly 鈥� SVP of Global Communications

Moira Duff 鈥� Director of External Communications

SLB

Tel: +1 (713) 375-3407

[email protected]

Investors

James R. McDonald 鈥� SVP of Investor Relations & Industry Affairs

Joy V. Domingo 鈥� Director of Investor Relations

SLB

Tel: +1 (713) 375-3535

[email protected]

Source: SLB