Financial Wire

SLB OneSubsea Wins Beacon Contract for Offshore Recovery Boosting System

SLB (SLB) OneSubsea joint venture has secured a contract from Beacon Offshore Energy Exploration and Production to supply an enhanced recovery system for the Shenandoah field in the Gulf of Mexico, SLB said in a statement on Thursday.SLB OneSubsea's high-pressure, high-temperature multiphase system is designed to operate above 15,000 pounds per square inch, exceeding the capacity of conventional subsea equipment.The system is expected to support faster production, higher recovery rates, and increased field value for Beacon Offshore Energy Exploration, SLB said.Price: $52.52, Change: $+0.63, Percent Change: +1.22%

-- SLB (SLB) OneSubsea joint venture has secured a contract from Beacon Offshore Energy Exploration and Production to supply an enhanced recovery system for the Shenandoah field in the Gulf of Mexico, SLB said in a statement on Thursday.

SLB OneSubsea's high-pressure, high-temperature multiphase system is designed to operate above 15,000 pounds per square inch, exceeding the capacity of conventional subsea equipment.

The system is expected to support faster production, higher recovery rates, and increased field value for Beacon Offshore Energy Exploration, SLB said.

Price: $52.52, Change: $+0.63, Percent Change: +1.22%