SLB OneSubsea Wins $100M+ Subsea Boosting Contract for bp’s Thunder Horse Project
Event summary
- SLB OneSubsea secured a subsea boosting contract for bp’s Thunder Horse project in the Gulf of America.
- The EPC contract follows similar awards for bp’s Kaskida and Tiber developments, leveraging a standardized high-pressure system.
- SLB OneSubsea will deliver the subsea boosting system, including project management, engineering, manufacturing, and testing.
- The contract underscores SLB’s strategy of standardized subsea solutions to improve efficiency and deployment speed.
The big picture
SLB’s contract win for bp’s Thunder Horse project highlights the growing demand for subsea boosting technology in deepwater developments. The use of standardized systems suggests a broader industry shift toward efficiency and cost reduction in subsea operations. SLB’s ability to secure multiple contracts from bp indicates a strong strategic partnership, positioning the company as a key player in the subsea technology sector.
What we're watching
- Standardization Impact
- How SLB’s standardized subsea boosting system will affect deployment times and operational efficiency for bp’s projects.
- Market Expansion
- Whether SLB can replicate this success in other deepwater projects, expanding its market share.
- Execution Risk
- The pace at which SLB OneSubsea can deliver on multiple standardized subsea boosting contracts simultaneously.
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