The SLB (NYSE: SLB) OneSubsea joint venture has been awarded an engineering, procurement, and construction (EPC) contract by Equinor for the development of a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway.
Under the contract, SLB OneSubsea will deliver four subsea templates and 12 all-electric subsea trees.
This innovative system eliminates the need for hydraulic fluid supplied by the host platform and minimises the need for topside modifications.
The technology unlocks a cost-effective solution for the project while preserving topside space for future expansion.
The award follows a year-long front-end engineering design (FEED) phase, during which Equinor and SLB OneSubsea jointly matured the project, completing the development plan and final investment decision (FID).
The Fram Sør project will be developed as a subsea tieback to the host platform Troll C in the North Sea, enhancing the security of energy supply from the Norwegian continental shelf to Europe.
With a host platform powered from Norwegian shores, production from Fram Sør is expected to have very low emissions.
Mads Hjelmeland, SLB OneSubsea CEO, said: “Fram Sør is a breakthrough project for our industry — marking the first large-scale all-electric subsea production system.
“Not only do all-electric subsea solutions significantly reduce topside needs to make large-scale tiebacks such as the Fram Sør development possible, but they also hold the key to unlock more marginal resources through their reduced footprint and simplified operations.”
The contract remains subject to regulatory approval of the plan for development and operations (PDO).
