Standard Lithium JV signs EPCM deal with Wood for SWA Project well field
Smackover Lithium, a partnership between Standard Lithium and Equinor, has entered into an Engineering, Procurement, and Construction Management (EPCM) agreement with Wood Group USA, Inc. for the upstream well field portion of the South West Arkansas (SWA) Project. This agreement covers the well pads, supply and injection wells, and associated pipelines, which represent less than one-third of the project's total capital expenditure. The SWA Project aims to produce 22,500 tonnes per annum of battery-quality lithium carbonate, with a Full Notice to Proceed expected after a positive Final Investment Decision in 2026. A separate EPCC agreement for the Central Processing Facility is also anticipated in the second quarter.
Key Highlights
- Smackover Lithium (Standard Lithium 55%, Equinor 45%) signed an EPCM agreement with Wood Group USA.
- Agreement covers the upstream well field portion of the South West Arkansas (SWA) Project.
- Well field comprises 4 well pads, 12 supply wells, 10 injection wells, and brine/gas pipelines.
- SWA Project is designed to produce 22,500 tonnes per annum of battery-quality lithium carbonate.
- Upstream well field activities account for less than one-third of the Project's estimated capital expenditure.
- Agreement includes a Limited Notice to Proceed (LNTP) for detailed engineering and early procurement.
- Full Notice to Proceed with Wood is expected after a positive Final Investment Decision (FID) in 2026.
- A separate EPCC agreement for the Central Processing Facility (CPF) is expected in Q2.
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