TP Awards Schlumberger Sakarya Offshore Gas Field Phase-1 Contract
October 15 2021 - 7:00AM
Business Wire
Integrated solutions to accelerate development
of Turkey’s largest gas reserve
Regulatory News:
Schlumberger announced today a significant contract award by
Turkish Petroleum (TP) for the engineering, procurement,
construction and installation (EPCI) of end-to-end production
solutions for the Sakarya gas field, Turkey’s largest gas reserve.
The contract is awarded to Schlumberger and Subsea 7, as part of a
consortium.
The integrated project scope will cover subsurface solutions to
onshore production, including well completions, subsea production
systems (SPS), subsea umbilicals, risers, flowlines (SURF), and an
early production facility (EPF).
Schlumberger will deliver the well completions scope and the
design, construction, and commissioning of the early production
facility capable of handling up to 350 MMscfd of gas. The SPS and
SURF scope will be delivered by OneSubsea®, the subsea
technologies, production, and processing systems division of
Schlumberger, and Subsea 7.
“Schlumberger is uniquely positioned to integrate solutions from
the subsurface to the processing facility, and deliver
pipeline-ready gas,” said Donald Ross, president, Production
Systems, Schlumberger. “This end-to-end production solutions
contract award demonstrates the confidence placed in our ability to
accelerate discovery to first gas and enhance value creation for TP
in the Sakarya offshore gas field. Through open collaboration and
by leveraging innovative production solutions, Schlumberger will
drive local content value creation and remains committed to
supporting Turkey’s energy sector.”
The Sakarya offshore greenfield represents the largest gas
reserve ever discovered in Turkey. The subsea development will be
located approximately 100 nautical miles into the Black Sea.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners
with customers to access energy. Our people, representing over 160
nationalities, are providing leading digital solutions and
deploying innovative technologies to enable performance and
sustainability for the global energy industry. With expertise in
more than 120 countries, we collaborate to create technology that
unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as “expect,” “may,” “can,” “estimate,”
“intend,” “anticipate,” “will,” “potential,” “projected" and other
similar words. Forward-looking statements address matters that are,
to varying degrees, uncertain, such as forecasts or expectations
regarding the deployment of, or anticipated benefits of, certain
technologies. These statements are subject to risks and
uncertainties, including, but not limited to, the inability to
recognize intended benefits from the strategies, initiatives or
partnerships of Schlumberger and Subsea 7; and other risks and
uncertainties detailed in Schlumberger’s most recent Forms 10-K,
10-Q and 8-K filed with or furnished to the U.S. Securities and
Exchange Commission. If one or more of these or other risks or
uncertainties materialize (or the consequences of such a
development changes), or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those reflected
in these forward-looking statements. Statements in this press
release are made as of the date of this release, and Schlumberger
disclaims any intention or obligation to update publicly or revise
such statements, whether as a result of new information, future
events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20211015005251/en/
Media Giles Powell – Director of Corporate Communication,
Schlumberger Limited Tel: +1 (713) 375-3494
communication@slb.com
Investors Ndubuisi Maduemezia – Vice President of
Investor Relations, Schlumberger Limited Joy V. Domingo – Director
of Investor Relations, Schlumberger Limited Tel: +1 (713) 375-3535
investor-relations@slb.com
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