SLB (NYSE: SLB) announced that its OneSubsea joint venture received a multi-well engineering, production, and construction contract from China National Offshore Oil Corporation for the Kaiping 18-1 field development in the South China Sea.

The contract covers 20 wells and includes delivery of integrated subsea production systems. SLB OneSubsea will provide dual electric submersible pump systems, gas lift and gas injection horizontal trees, manifolds, connectors, and control systems, along with installation and commissioning support.

"This award highlights the continued adoption of our standardized subsea systems, and the efficiency gains they can deliver on complex multi-well projects," said Mads Hjelmeland, chief executive officer of SLB OneSubsea.

The company stated that its standardized subsea architecture is designed to reduce system complexity and drive operational efficiencies. The integrated delivery model aims to compress installation schedules and minimize offshore vessel requirements.

Project execution will involve collaboration with regional partners to support in-country manufacturing and supply-chain capability, according to the press release.

SLB OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7, headquartered in Oslo and Houston, with 10,000 employees worldwide.