11:24 AM EDT, 05/24/2024 (MT Newswires) -- (Updates with additional details in the third paragraph)

Schlumberger ( SLB ) said on Friday it has secured a contract from Equinor ( EQNR ) for its OneSubsea joint venture, building on an existing long-term agreement for Phase 3 of Equinor's ( EQNR ) Troll project in the North Sea, offshore Norway.

Under the contract, which aims to boost production from the reservoir equivalent to about 55 billion standard cubic meters of gas, Equinor ( EQNR ) will use Schlumberger's ( SLB ) OneSubsea standardised solutions compliant with NCS2017+ standards, the company said.

The Troll project, which comprises eight wells with a tie back to the Troll A Condeep platform, is covered under the 2017 collaborative frame agreement with Equinor ( EQNR ), Schlumberger ( SLB ) added.

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