Schlumberger Lands Electric Subsea Project With Equinor In Norway: Details
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Schlumberger-Equinor Contract: Schlumberger Limited won a contract from Equinor for the Subsea Production Systems project in offshore Norway.
- Project Details: The contract involves front-end engineering design of a 12-well, all-electric SPS project in the Fram Sør field.
- Future Contracts: SLB OneSubsea will receive future contracts for engineering, procurement, and construction conditional upon final investment decision.
- Technology Advancements: The project aims to accelerate global adoption of electric subsea technology for enhanced control, efficiency, and reduced emissions.
- Investment Opportunities: Investors can gain exposure to Schlumberger and Equinor through various ETFs.
Analyst Views on GINX
Wall Street analysts forecast GINX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GINX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
