Schlumberger's OneSubsea JV, Var Energi Sign Subsea Systems Pre-Commitment Deal
Schlumberger (SLB) said Tuesday its OneSubsea joint venture has signed a pre-commitment agreement with Var Energi to provide subsea production systems, with work on two equipment packages expected to begin immediately.
Financial terms were not disclosed.
Separately, Var Energi said it expects delivery of components needed for drilling in 2026 and a complete subsea production system before summer 2027.
The company said the deal is anticipated to further cut project development time and cost.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available