SLB OneSubsea Secures Subsea Boosting Contract for bp’s Thunder Horse Project in Gulf of America

(BUSINESS WIRE) -- Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has been awarded a contract by bp to provide a subsea boosting system for the Thunder Horse project, a development in the deepwater portion of Gulf of America.

This engineering, procurement and construction (EPC) contract for Thunder Horse follows recent subsea boosting contract awards for bp’s Kaskida and Tiber developments. All three projects leverage the same supplier-led, standardized subsea boosting system solution, which helps improve execution efficiency and shorten delivery times.

As part of the EPC contract, SLB OneSubsea will deliver a subsea boosting system, alongside associated project management, engineering, manufacturing, and testing required for execution.

“Subsea boosting is an important enabler for extending production from existing assets,” said Mads Hjelmeland, CEO of SLB OneSubsea. “Our standardized subsea solutions support faster deployment and improved efficiency, helping operators enhance production and recovery while optimizing overall field performance.”

Key points

• SLB OneSubsea has been awarded a contract by bp to deliver a subsea boosting system for the Thunder Horse development in the Gulf of America

• The award builds on recent subsea boosting contracts for bp’s Kaskida and Tiber developments, leveraging the same standardized high-pressure system solution

• SLB OneSubsea’s processing technology increases production and improves recovery, while the standardized approach enables faster deployment and greater operational efficiency

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. 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 slb.com.

About SLB OneSubsea

SLB OneSubsea is driving a new subsea era leveraging digital and technology innovation to optimize our customers’ oil and gas production, reduce emissions in subsea operations, and unlock the large potential of subsea solutions to shape a sustainable energy future. SLB 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 onesubsea.slb.com.

Cautionary Statement Regarding Forward-Looking Statements:

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