OneSubsea secures EPC contract with BP for subsea boosting system at Thunder Horse project
Type: Supply Agreement · Technology: Oil Gas · Country: United States · Announced: 2026-06-08
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, secured an engineering, procurement, and construction (EPC) contract from BP to deliver a subsea boosting system for the Thunder Horse project in the deepwater Gulf of America. The contract includes project management, engineering, manufacturing, and testing services required for execution. This follows recent subsea boosting contract awards for BP’s Kaskida and Tiber developments, all leveraging a standardized subsea boosting system solution to improve execution efficiency and shorten delivery times. The Thunder Horse project is part of BP’s strategy to extend production from existing assets through advanced subsea technologies. Mads Hjelmeland, CEO of SLB OneSubsea, highlighted that subsea boosting enables enhanced production and recovery while optimizing field performance. The standardized solution supports faster deployment and improved efficiency for operators.
Analysis
OneSubsea, a joint venture of SLB and Aker Solutions, has secured an EPC contract with BP for a subsea boosting system at the Thunder Horse project in the deepwater Gulf of America. BP is an integrated energy company with worldwide operations, and OneSubsea, formed in 2023, delivers integrated subsea production systems. Aker Solutions, based in Oslo, provides energy solutions across Europe and beyond, while SLB drives energy innovation globally. The contract includes project management, engineering, manufacturing, and testing services, with an announced date of June 8, 2026.
Key points
- OneSubsea secured an EPC contract with BP.
- The contract is for a subsea boosting system at the Thunder Horse project.
- The project is located in the deepwater Gulf of America.
- The announced date for the contract is June 8, 2026.
Counterparties
- Aker Solutions (Parent Company)
- bp (Buyer)
- SLB (Parent Company)
- OneSubsea (Supplier)
- Subsea7 (Parent Company)
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