SLB’s OneSubsea joint venture and Subsea7 have secured an integrated engineering, procurement, construction, and installation (EPCI) contract from OKEA ASA.
The integrated contract is for the development of the Bestla, formerly known as Brasse, Project in the North Sea, offshore Norway. SLB said in a news release that the contract value was “sizeable”.
With a 13-kilometer tieback to the Brage Platform, the two-well project is the latest to be signed under the agreement signed with OKEA in 2017. Further, the project will develop Bestla to accelerate the subsea tieback delivery to aging platforms for profitable and sustainable marginal field development, SLB said.
Although Bestla was discovered in 2016, the solution proposed by Subsea Integration Alliance represents the first commercially viable field development plan, submitted for the Brasse development. It is compliant with NCS2017+ for standardized subsea production systems, tailored for application in the Norwegian Continental Shelf. The Alliance will support the local economy by commissioning fabrication and manufacturing from partners in Norway, according to the release.
“We enjoy a long, productive relationship with OKEA, building upon the successful execution of the Hasselmus development, the first project under our Alliance frame agreement, which was delivered on time and on budget in October 2023,” SLB OneSubsea CEO Mads Hjelmeland said.
“Reaching this point has been driven by outstanding collaboration across all partners. Our ongoing partnership has enabled us to work together to simplify the field layout and secure long lead items and vessel capacity, which will bring the new wells online quickly and efficiently,” Hjelmeland added.
According to the release, SLB OneSubsea will deliver the subsea production system with two subsea trees, a two-slot template, an umbilical, and a control system. Subsea7 will install the subsea production system. Subsea7 will also design and install the flowline systems, spools and protection measures, and rock installation.
The field is estimated to contain 24 million barrels of oil. Two-thirds of the field contains oil, while the remaining one-third is gas and natural gas liquids. First oil is targeted for the fourth quarter of 2026.
Formerly Schlumberger Limited, SLB is a global technology company with a global footprint in more than 100 countries. Its purpose is to create technology that unlocks access to energy. It focuses on innovating oil and gas, delivering digital at scale, decarbonizing industries, developing and scaling new energy systems that accelerate the energy transition, according to the company’s website.
SLB OneSubsea said it is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ 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, the news release stated.
The Subsea Integration Alliance is a strategic global alliance between SLB OneSubsea and Subsea7, bringing together field development planning, project delivery, EPCI contracting models, and total life cycle solutions under the world’s leading subsea technology and services portfolio.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.