Offshore Technology · March 18, 2026 (1d ago) · 1 min read

SLB OneSubsea wins EPC contract from CNOOC for offshore wells

Analysis

OilCyprus Editorial

SLB OneSubsea has been awarded an EPC contract by CNOOC for multiple offshore wells. This contract signifies continued investment in offshore oil and gas production by CNOOC and strengthens SLB's position in the subsea engineering and construction market.

Key Facts

SLB OneSubsea is the recipient of the EPC contract.
The contract is from China National Offshore Oil Corporation (CNOOC).
The contract covers integrated engineering, production, and construction (EPC) for multiple offshore wells.

Market Impact

This contract demonstrates ongoing investment in offshore oil and gas development, particularly in the Asia-Pacific region. It suggests a continued focus on subsea technologies and integrated solutions, potentially driving further innovation and competition in the subsea EPC market. The award also highlights the strategic importance of the Chinese offshore market.

Why This Matters for Cyprus

This contract signals continued investment in offshore projects and highlights the growing importance of the Asia-Pacific region for oil and gas companies.

Read on Offshore Technology