10:36 AM EDT, 06/27/2024 (MT Newswires) -- Schlumberger ( SLB ) said Thursday its SLB OneSubsea unit has been awarded a contract by Equinor ( EQNR ) for the front-end engineering design of a 12-well, all-electric Subsea Production Systems project in the Fram Sor field, offshore Norway.

As part of the agreement, future engineering, procurement and construction will be awarded to SLB OneSubsea conditional on a final investment decision, the company said. Financial details weren't disclosed.

The project will speed up global adoption of electric subsea technology and reduce emissions from subsea operations, the firm said.

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