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SLB, Equinor Sign Multi-Year Reservoir Stimulation Deal for Norwegian Continental Shelf

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SLB (SLB) and Equinor (EQNR) signed a multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf, including a major upgrade of the MV Island Captain well stimulation vessel, the companies said Thursday.

The upgrade will convert the vessel into a fully proppant-capable stimulation vessel with expanded proppant storage, advanced handling and blending systems, increased pumping capacity, and an optimized deck layout.

The vessel will be able to carry up to 2 million pounds of proppant for high-intensity offshore stimulation treatments, the companies said.

The companies said the agreement secures dedicated capacity to support development of tight offshore reservoirs and help maximize recovery from future wells.

Price: $52.03, Change: $+2.12, Percent Change: +4.24%

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