SLB Secures Key Subsea Boosting Project with Petrobras

SLB Partners with Petrobras for Significant Subsea Contract

Global energy technology company SLB (NYSE: SLB) has achieved a notable milestone by securing a contract with Petrobras to supply subsea raw seawater injection (RWI) systems for the Búzios field. The agreement, awarded through a competitive tender to SLB's OneSubsea joint venture, is set to enhance recovery rates in one of Brazil's most productive offshore fields.

Enhancing Production Capabilities

The subsea RWI systems are designed to improve the functionality of floating production storage and offloading (FPSO) vessels. These vessels have encountered limitations due to their current water injection capacities. With the deployment of the new systems, SLB aims to boost the production efficiency of these vessels, significantly addressing existing bottlenecks.

Environmental Benefits of Subsea Technology

By implementing RWI systems, SLB is not only enhancing oil recovery but also contributing to environmental sustainability. These systems offer a more effective method of reservoir pressurization compared to traditional topside injection systems, ultimately reducing greenhouse gas emissions associated with oil production.

Expert Insights on Subsea Strategies

Mads Hjelmeland, CEO of SLB OneSubsea, remarked on the growing trend of secondary recovery opportunities as deepwater basins mature. He emphasized the advantages of using subsea raw seawater injection, stating that its proven application can optimize oil extraction while minimizing space and energy requirements for FPSOs. He expressed excitement for this partnership and foresaw it as a crucial step in enhancing SLB's position in the Brazilian energy market.

Comprehensive System Support

As part of the agreement, SLB OneSubsea will deliver two complete subsea RWI systems, which will be pivotal in supporting Petrobras' facilities, specifically the FPSOs P-74 and P-75. Each system will be comprised of a seawater injection pump, umbilical system, and a topside variable speed drive to ensure optimal performance.

Innovative Technology Deployment

Moreover, SLB is committed to bolstering its local team to ensure comprehensive support throughout the project lifecycle. This multidisciplinary team will cover various aspects of the energy production process, from initial development phases to ongoing life-of-field support. SLB will leverage its AI-enabled Subsea Live™ services for continuous system monitoring and expert access, enhancing the operational efficiency and reliability of the systems.

Commitment to Energy Transition

SLB is not just focusing on conventional oil and gas solutions. The company is also deeply dedicated to transitioning towards more sustainable energy systems. With a presence in over 100 countries and a diverse workforce, SLB is at the forefront of innovating technologies designed to decarbonize industries and promote environmental stewardship. Their efforts are pivotal in scaling new energy systems that pave the way for a balanced and sustainable planet.

Exploring Other Opportunities in the Subsea Domain

SLB OneSubsea, which is a joint venture involving SLB, Aker Solutions, and Subsea7, is positioned strategically to harness the burgeoning potential of subsea oil and gas solutions. Operating globally with over 10,000 employees, SLB OneSubsea is set to play an essential role in reshaping subsea operations through technology and innovation-driven strategies.

Frequently Asked Questions

What is the main goal of SLB's new contract with Petrobras?

The contract aims to improve oil recovery rates from the Búzios field by implementing subsea raw seawater injection systems.

How do the new subsea systems contribute to environmental sustainability?

The subsea RWI systems reduce greenhouse gas emissions by offering a more efficient method of reservoir pressurization compared to traditional systems.

What specific equipment will SLB provide under this contract?

SLB will supply two complete subsea RWI systems including pumps, umbilical systems, and topside variable speed drives.

How does SLB plan to support local operations in Brazil?

SLB will enhance its in-country multidisciplinary team to support project execution and provide ongoing technical assistance using advanced AI technologies.

What is SLB's broader vision regarding energy transition?

SLB aims to innovate and scale new energy systems, focusing on decarbonizing industries and supporting a balanced planet through sustainable practices.

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