SLB OneSubsea, Subsea7 team up with Equinor to advance Wisting, Bay Du Nord projects in Canada

May 02, 2024

(WO) — SLB has recently announced a significant collaboration with Equinor ASA, marking a new chapter in advancing two major offshore projects: the Wisting field in Norway and Bay Du Nord in Canada.

This partnership between SLB's OneSubsea, Subsea7, and Equinor aims to enhance project value and accelerate progress through early engagement and integrated efforts. The agreement, signed in Stavanger, Norway, signals a shift towards a more collaborative approach to project development, emphasizing information sharing and technology innovation.

Trond Bokn, Equinor's senior vice president for Project Development, expressed optimism about the collaboration, highlighting its potential to streamline project development and improve profitability. Mads Hjelmeland, CEO of OneSubsea, echoed this sentiment, emphasizing the trusted relationship between the parties and the opportunities for mutual growth.

John Evans, CEO of Subsea7, emphasized the long-standing partnership between Subsea7 and Equinor, emphasizing their shared commitment to unlocking project value. The agreement facilitates immediate collaboration on concept studies for the Wisting and Bay Du Nord projects, with potential execution awarded to the alliance upon final investment decision.

With expertise from Equinor, OneSubsea, and Subsea7, this collaboration aims to unlock further opportunities in the offshore energy sector.

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