SLB OneSubsea Awarded Contract for TotalEnergies’ Kaminho Deepwater Project
July 03 2024 - 8:00AM
Business Wire
Collaborative field development to launch the first pre-salt
Kwanza Basin project, offshore Angola
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SLB OneSubsea will collaborate with
TotalEnergies to deploy a highly configurable subsea production
platform with standardized vertical monobore subsea tree, wellhead,
and controls system for the Kaminho deepwater project, offshore
Angola. (Photo: Business Wire)
SLB (NYSE: SLB) has announced the award of a contract by
TotalEnergies (NYSE: TTE) to its OneSubsea™ joint venture for a
13-well Subsea Production System scope, including associated
equipment and services, in the development of the Kaminho project,
offshore Angola. The project will be developed by TotalEnergies and
its Block 20/11 partners in two phases for the Cameia and Golfinho
discoveries. Together, SLB OneSubsea and TotalEnergies will work to
deliver a sustainable project that will improve production in
Angola.
During the Kaminho project’s first phase of development for the
Cameia field, SLB OneSubsea will collaborate with TotalEnergies to
deploy a highly configurable subsea production platform with
standardized vertical monobore subsea tree, wellhead, and controls
system.
“We are excited for this opportunity to unlock the large
potential of the Kaminho project together with TotalEnergies,” said
Mads Hjelmeland, CEO of SLB OneSubsea. “Our collaborative contract
model enables us to leverage both standardization and highly
configurable subsea production platforms, creating greater
efficiencies and long-term value for this and future projects in
Angola and around the world.”
The Kaminho project overall will involve more than 10 million
man-hours in Angola, mainly with offshore operations and
construction at local yards. SLB OneSubsea will play a significant
role in supporting the Kaminho project locally in Angola for
offshore operations including assembly, manufacturing of modules,
installation, commissioning, and life-of-field services. First
production is targeted for 2028, with an estimated 70,000 barrels
of oil per day.
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 slb.com.
About SLB OneSubsea
SLB OneSubsea 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, with
10,000 employees across the world. Find out more at
onesubsea.slb.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as “expect,” “may,” “can,” “estimate,”
“intend,” “anticipate,” “will,” “potential,” “projected" 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’s 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’s 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’s 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701201257/en/
Media Moira Duff Director of External Communications, SLB
Tel: +1 (713) 375-3407 media@slb.com
Investors James R McDonald SVP of Investor Relations
& Industry Affairs, SLB Joy V. Domingo Director of Investor
Relations, SLB Tel: +1 (713) 375-3535
investor-relations@slb.com
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