onesubsea.slb.com/partnerships/subsea-integration-alliance
Its roles FEED EPCI
Also known as Subsea Integration Alliance (SIA).
chemXplore tracks 2 projects involving SIA, of which one is active.
Besides this one, the record holds 1 completed project.
1 more active project and the 1 that is completed, on hold or cancelled are in the record. See all 2 in chemXplore →
Transaction supports maturation toward an early‑2027 investment decision; operator retains 70% and FPSO-based development in the Flemish Pass continues.
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Strong cash generation and higher earnings supported a proposed 10% dividend rise to €0.70/share; Bacalhau ramp-up and a €318m renewables purchase shaped the quarter.
Bacalhau field in Brazil starts production with over 1 billion boe reserves, using advanced FPSO technology for efficient, low-emission output. Expected to create 50,000 jobs over 30 years.
