NYSE:SLBEnergy Services
The Bull Case For SLB (SLB) Could Change Following Major Kaiping 18-1 Subsea Win In China
In March 2026, CNOOC awarded SLB OneSubsea a multi-well, integrated subsea engineering and production contract for 20 wells at the deepwater Kaiping 18-1 field in the South China Sea, covering standardized subsea systems, installation, and commissioning support.
An interesting angle is SLB OneSubsea’s simplified, standardized subsea architecture and in-country manufacturing push, which aims to cut complexity, compress installation timelines, and support future field expansions for...