Schlumberger (ticker: SLB) subsidiary OneSubsea secured an engineering contract for the development of the Greater Enfield project off the northwest coast of Australia from Woodside Energy.
Woodside announced on June 26, that the company would move forward with the development of the Greater Enfield project, expected to cost approximately $1.9 billion. Located 60 km off Exmouth in Western Australia the project will develop the Laverda Canyon, Norton over Laverda, and Cimatti oil accumulations. Woodside CEO Peter Coleman said that monetizing Greater Enfield was made possible by breakthroughs in the development concept, technology and contracting. The basin is projected to hold upwards of 69 million barrels of oil equivalent.
The project will be developed using an offshore floating production, storage and offloading vessel. OneSubsea has been awarded the engineering, procurement, and construction portion of the contract for approximately $300 million. OneSubsea will supply a subsea production system and a dual multiphase boosting system for the Greater Enfield Project.
The scope of the contract includes six horizontal SpoolTree subsea trees, six horizontal trees for the water injection system, six multiphase meters, a high-boost dual pump station with high-voltage motors, umbilical, topside, subsea controls and distribution, intervention and workover control systems, landing string, and installation and commissioning services, according to a statement from Schlumberger.
