Top entities: SLB — OneSubsea, SLB, Eni, Petronas, Indonesia.

What category does this event fall under?

Business — classified as contract award.

What is the sentiment of coverage?

Aggregate sentiment score: 10 on a -100 to +100 scale (negative = critical coverage, positive = favorable coverage).

What were the key actions taken?

SLB — OneSubsea awarded contract · Eni awarded contract SLB — OneSubsea

Is this event still developing?

This is an active story, last updated Jul 10, 2026. Coverage continues to evolve.

Business contract award

OneSubsea wins Eni Indonesia umbilical contract

Q: When did this event occur?

First reported Mar 09, 2018; last updated Jul 10, 2026.

Q: What is the market impact?

General. The contract strengthens SLB's subsea portfolio and signals continued investment in deepwater developments in Southeast Asia.

Analysis based on 6 articles · First reported Mar 09, 2018 · Last updated Jul 10, 2026

Sentiment

Attention

Articles

Market Impact

General

Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard

Market Impact

The contract strengthens SLB's subsea portfolio and signals continued investment in deepwater developments in Southeast Asia. It may positively impact SLB's revenue outlook and reinforce the market position of SLB — OneSubsea as a key subsea equipment provider.

oil and gas offshore services

Event Summary

SLB's SLB — OneSubsea joint venture has been awarded a contract by Eni North Ganal Limited, a subsidiary of Searah Limited (a joint venture between Eni and Petronas), to deliver a steel tube umbilical system for the Kutei North Hub field development offshore East Kalimantan, Indonesia. The contract covers engineering, procurement, and manufacturing of 94.6 km of umbilical for water depths up to 2,200 meters, with a total system weight of approximately 6,700 tons. SLB — OneSubsea will use its Oscilay and planetary production lines to improve efficiency and reduce delivery timelines. The project is one of the largest umbilical contracts awarded in the industry to date.

Key Actions

80 SLB — OneSubsea awarded contract

80 Eni awarded contract SLB — OneSubsea

Entities Involved

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SLB — OneSubsea

SLB — OneSubsea is the direct contractor, awarded one of the largest umbilical contracts in the industry, boosting its project portfolio and revenue.

Importance 100.0 Sentiment 20.0

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SLB

SLB's SLB — OneSubsea joint venture secured a major umbilical contract, enhancing its subsea business and demonstrating advanced manufacturing capabilities.

Importance 80.0 Sentiment 15.0

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Eni

Eni, through its joint venture with Petronas, is the client awarding the contract, advancing its Kutei North Hub deepwater development.

Importance 70.0 Sentiment 10.0

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Petronas

Petronas is a joint venture partner in Searah Limited, the parent of Eni North Ganal, and benefits from the project's progress.

Importance 50.0 Sentiment 5.0

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Indonesia

Indonesia is the host country for the Kutei North Hub development, attracting investment and supporting its offshore energy sector.

Importance 40.0 Sentiment 10.0

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Aker Solutions

Aker Solutions is a joint venture partner in SLB — OneSubsea, indirectly benefiting from the contract award.

Importance 20.0 Sentiment 5.0

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Subsea 7

Subsea 7 is a joint venture partner in SLB — OneSubsea, indirectly benefiting from the contract award.

Importance 20.0 Sentiment 5.0

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Mads Hjelmeland

Mads Hjelmeland, CEO of SLB SLB — OneSubsea, announced the contract, highlighting the company's technical and manufacturing capabilities.

Importance 10.0 Sentiment 0.0

Relationships

SLB — OneSubsea related ↔ Aker Solutions

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