Summary
SLB Limited/NV (SLB) filed an amendment (8-K/A) to its prior Current Report on Form 8-K to correct an error in its second-quarter 2019 earnings release. The amendment specifically revises a detail concerning a contract awarded by A/S Norske Shell for the Ormen Lange Field project in the Norwegian Sea. The corrected information clarifies the operator and the power source for the subsea compression stations. Investors should note that this filing is an amendment to correct a minor factual inaccuracy, not a restatement of financial results or a change in overall performance. The core financial information from the original earnings release remains unchanged. The correction pertains to the technical description of a subsea compression concept to be supplied by OneSubsea (a Schlumberger company) for enhanced gas recovery.
Key Highlights
- 1Amendment filed to correct a factual error in the Q2 2019 earnings release.
- 2The correction pertains to a contract for the Ormen Lange Field project in the Norwegian Sea.
- 3The revised text clarifies the operator as A/S Norske Shell, previously referred to as Shell Global Solutions.
- 4The description of the subsea compression concept's power source has been updated to mention grid electricity via the Nyhamna gas plant.
- 5This filing does not impact SLB's financial results or overall performance for the second quarter of 2019.
- 6The corrected earnings release was made available on SLB's website on July 24, 2019.
- 7The information is furnished, not deemed 'filed' for Section 18 purposes.