Oilfield services company SLB announced on Tuesday that its OneSubsea joint venture and Subsea7 have been awarded a “sizeable” integrated engineering, procurement, construction, and installation (EPCI) contract from OKEA. The contract will involve developing the Bestla Project in the North Sea, offshore Norway, with the aim of accelerating subsea tieback delivery to aging platforms for profitable and sustainable marginal field development.
The project, which consists of two wells with a 13-km tieback to the Brage Platform, is the latest to be signed under the frame agreement with OKEA in 2017. SLB OneSubsea will be responsible for delivering the subsea production system, including two subsea trees, a two-slot template, an umbilical, and a control system. Subsea7 will handle the installation of the subsea production system, as well as the design and installation of flowline systems, spools, and protection measures.
Mads Hjelmeland, CEO of SLB OneSubsea, expressed his excitement about the partnership with OKEA, highlighting their successful collaboration on previous projects. The Bestla Project, discovered in 2016, represents the first commercially viable field development plan submitted for the Brasse development. The field is estimated to contain 24 million barrels of oil equivalent, with first oil targeted for Q4 2026.
The Subsea Integration Alliance’s solution for the Bestla Project is compliant with NCS2017+ standards and will support the local economy by commissioning fabrication and manufacturing from partners in Norway. This project marks another milestone in the ongoing partnership between SLB OneSubsea, Subsea7, and OKEA, showcasing their commitment to innovation and efficiency in the oil and gas industry.