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SLB OneSubsea Awarded EPC Contract for Equinor's Fram Sør Project

1. SLB awarded EPC contract by Equinor for 12-well all-electric SPS in Norway. 2. This project enhances SLB's position in sustainable offshore energy solutions.

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$35.6108/25 08:34 AM EDTEvent Start
$35.6508/26 12:19 AM EDTLatest Updated
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FAQ

Why Bullish?

Winning an EPC contract signifies SLB's competitiveness and growth in the energy sector. Historical contract wins typically lead to increased investor confidence and stock price appreciation.

How important is it?

The article underscores SLB's technological leadership in subsea production, which is crucial for future growth. The significance of this contract supports SLB's strategic objectives and market positioning.

Why Long Term?

The contract will have long-term revenue implications as the project evolves over its execution phase. Past examples indicate contract awards influence stock performance for years.

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EQNRHALBKR
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has been awarded an engineering, procurement and construction (EPC) contract by Equinor for a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway. The award follows a collaborative, year-long Front-End Engineering Design phase, where Equinor and SLB OneSubsea jointly matured the project, culminating in the development plan and final.

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