29 May 2026
29 May 2026
The closure of the Strait of Hormuz has exposed fundamental insecurities in oil supply chains, crippling both Gulf exporters and importers worldwide.
The new risk service contract enables field redevelopment and overlooked near-field exploration, especially in Tertiary and Cretaceous plays.
Combined with the adjacent Thurrock Storage battery facility, the project will provide 750MW of flexible generation and storage capacity to support grid stability during periods of low renewable energy output.
The SPL Expansion Project is set to include up to three liquefaction trains, with a total peak LNG production capacity of approximately 20mtpa.
Vår Energi plans to use SLB’s Delfi digital platform to integrate different aspects of E&P.
The contract package covers the Visund and Snorre A fields in the North Sea and the Johan Castberg field in the Barents Sea.
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