- Major vessel upgrade to secure additional capability for tight offshore réservoirs

SLB and Equinor have signed a multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf (NCS), including a major upgrade of the well stimulation vessel MV Island Captain. The agreement secures dedicated capacity to support development of tight offshore reservoirs and help maximize recovery from future wells.

The Island Captain will be converted into a fully proppant-capable stimulation vessel. Upgrades will include expanded proppant storage, advanced handling and blending systems, increased pumping capacity, and an optimized deck layout for complex stimulation operations. Following the upgrade, the vessel will be able to carry up to two million pounds of proppant, enabling high-intensity offshore treatments across the NCS.

Tight reservoirs are expected to play an increasingly important role in the future of offshore resource development. Unlocking these resources requires specialized stimulation systems capable of delivering high-intensity treatments efficiently and reliably. By securing dedicated offshore stimulation capacity, SLB and Equinor are helping establish the infrastructure needed to support the next generation of tight-reservoir developments in Norway.

“This agreement builds on a longstanding relationship between Equinor and SLB,” said Ole Christian Meldahl, managing director, Scandinavia, SLB. “The upgrade of the Island Captain represents an important investment in offshore stimulation capability for the Norwegian Continental Shelf. Together, this dedicated capacity and specialized equipment will help support future reservoir developments across the region.”

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition.

About Equinor

Equinor ASA is an international energy company headquartered in Norway. The company employs around 21,000 people worldwide. Equinor is already one of the world's most CO2-efficient producers of oil and gas. Equinor leverages strong synergies between oil, gas, renewables, carbon capture and hydrogen. Equinor participates in a consortium that has started the construction of the Northern Lights project, the world’s first full-scale and open-source CO2 transportation and storage project. The company has a growing portfolio in offshore wind with wind farms in Europe and the USA and is involved in various hydrogen projects throughout Europe.