12/02  Closing prices / revised 12/02/2022 10:38 GMT  |    11/01     OPEC Basket  $84.39  +1.26   | 11/01      Mexico Basket (MME)  $71. 08  -1.69    09/14     Venezuela Basket $83.40  (Estimated Economia Hoy)  | 12/02     WTI Texas Intermediate January CLF23  $79.98  -1.24  | 12/02     Brent January BRNF23  $85.57  -1.31  | 12/02     Gasoline December RBZ22   $2.2804  -2.6 %  | 12/02    Heating Oil  Decenber  HOZ22   $3.1685  -2.9%  |  12/02    December Natural Gas   NGZ22   $6.281 -6.8% | 12/02    Active U.S. Rig Count (Oil & Gas)    784       =0   | 12/02    USD/MXN Mexican Peso    19.4001   Live data | 12/02    EUR/USD    Live data  1.0535  Live data | 12/05     US/Bs. (Bolivar)  $11.69180000      12/02  Closing prices / revised 12/02/2022 10:38 GMT  |    11/01     OPEC Basket  $84.39  +1.26   | 11/01      Mexico Basket (MME)  $71. 08  -1.69    09/14     Venezuela Basket $83.40  (Estimated Economia Hoy)  | 12/02     WTI Texas Intermediate January CLF23  $79.98  -1.24  | 12/02     Brent January BRNF23  $85.57  -1.31  | 12/02     Gasoline December RBZ22   $2.2804  -2.6 %  | 12/02    Heating Oil  Decenber  HOZ22   $3.1685  -2.9%  |  12/02    December Natural Gas   NGZ22   $6.281 -6.8% | 12/02    Active U.S. Rig Count (Oil & Gas)    784       =0   | 12/02    USD/MXN Mexican Peso    19.4001   Live data | 12/02    EUR/USD    Live data  1.0535  Live data | 12/05     US/Bs. (Bolivar)  $11.69180000      12/02  Closing prices / revised 12/02/2022 10:38 GMT  |    11/01     OPEC Basket  $84.39  +1.26   | 11/01      Mexico Basket (MME)  $71. 08  -1.69    09/14     Venezuela Basket $83.40  (Estimated Economia Hoy)  | 12/02     WTI Texas Intermediate January CLF23  $79.98  -1.24  | 12/02     Brent January BRNF23  $85.57  -1.31  | 12/02     Gasoline December RBZ22   $2.2804  -2.6 %  | 12/02    Heating Oil  Decenber  HOZ22   $3.1685  -2.9%  |  12/02    December Natural Gas   NGZ22   $6.281 -6.8% | 12/02    Active U.S. Rig Count (Oil & Gas)    784       =0   | 12/02    USD/MXN Mexican Peso    19.4001   Live data | 12/02    EUR/USD    Live data  1.0535  Live data | 12/05     US/Bs. (Bolivar)  $11.69180000      ivar)  $11.07890000   

SLB, Subsea Integration Alliance secure contract for bp’s Trinidad Cypre project – EN

The Subsea Integration Alliance team will transition into the full EPCI phase, and SLB’s OneSubsea will deliver the subsea production systems.

Award represents first fully integrated contract with bp and first for Subsea Integration Alliance in Trinidad and Tobago

EnergiesNet

PORT SPAIN
EnergiesNet.com 11 22 2022

SLB announced today an award to its OneSubsea® business and Subsea Integration Alliance of a large contract by bp for its Cypre gas project offshore Trinidad and Tobago. The contract scope covers the engineering, procurement, construction, and installation (EPCI) of the subsea production systems and subsea pipelines. The award represents Subsea Integration Alliance’s first fully integrated EPCI single contract with bp and the alliance’s first development in the Caribbean nation.

The Subsea Integration Alliance team delivered the initial front-end engineering and design phase for the project and will now transition into the full EPCI phase. Offshore installation is scheduled to commence in 2024.

OneSubsea, the subsea technologies, production, and processing systems business of SLB, will deliver the subsea production systems, which will include seven horizontal subsea tree systems, subsea controls and connection systems, distribution and control systems and aftermarket services. Subsea7, also part of Subsea Integration Alliance, will deliver the subsea pipelines for the project.

“By leveraging early engagement, digital solutions and field-proven, standard equipment, we were able to quickly define the development concept for bp’s Cypre project and place early orders for key components, derisking the project timeline,” said Don Sweet, director of SLB’s Subsea Production Systems business.

“bp’s Cypre project is a prime example of our ability to harness the key strengths of Subsea Integration Alliance: Subsea7 with its expertise in executing complex EPCI projects and OneSubsea’s fast-track delivery of subsea production systems,” said Subsea Integration Alliance Chief Executive Officer Olivier Blaringhem. “Combined, we are delivering a refined solution that enables early first gas.”

About SLB

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About Subsea Integration Alliance

Subsea Integration Alliance is a non-incorporated strategic global alliance between Subsea7 and OneSubsea®, the subsea technologies, production, and processing business of SLB, bringing together field development planning, project delivery and total lifecycle solutions under an extensive technology and services portfolio. As one team, Subsea Integration Alliance amplifies subsea performance by helping customers to select, design, deliver, and operate the smartest subsea projects. This eliminates costly revisions, avoids delays, and reduces risk across the life of field. For more information, visit www.subseaintegrationalliance.com.

Source: SLB.com

EnergiesNet.com 11 22 2022

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