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SLB Joint Venture Gets Petrobras Contract for Offshore Brazil Projects
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SLB Joint Venture Gets Petrobras Contract for Offshore Brazil Projects
Aug 2, 2024 8:34 AM

11:18 AM EDT, 08/02/2024 (MT Newswires) -- SLB (SLB) said Friday its OneSubsea joint venture has been awarded a "major contract" by Petrobras (PBR) to provide pre-salt subsea production systems and related services.

The project will back the further development of two oil fields -- the Atapu and Sepia fields -- in the Santos Basin, SLB said, adding the equipment to be deployed will be made and serviced at OneSubsea's facilities in Brazil.

The projects add to Petrobras' material pre-salt investments, enabling the addition of two new floating production, storage and offloading platforms. Each has daily production capacity of 225,000 barrels of oil per day and processing of 10 million cubic meters of gas per day, according to the statement.

Financial details weren't provided.

OneSubsea is a joint venture of SLB, Aker Solutions, and Subsea7, the company said.

Price: 44.80, Change: -1.86, Percent Change: -3.98

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