SLB JV Gets Multi-well EPC Contract By Eni

(RTTNews) - SLB (SLB) announced that its OneSubsea joint venture has been awarded a major multi-well engineering, procurement, and construction contract by Eni for Phase 3 of the deepwater Baleine project offshore Cte d'Ivoire. SLB OneSubsea will deliver complete subsea production systems for 13 wells.

Mads Hjelmeland, CEO of SLB OneSubsea, said: "Through our subsea production system technology and by leveraging our established local presence, we are supporting Eni's efforts to advance a complex, deepwater project efficiently while contributing to the long-term development of offshore resources in Cte d'Ivoire."

In pre-market trading on NYSE, SLB shares are up 0.93 percent to $48.20.