Project UpdateMay 21, 2026, 08:18 AM
Smackover Lithium Awards EPCM Contract for SWA Project Well Field
AI Summary
Smackover Lithium, a partnership between Standard Lithium Ltd. and Equinor, has awarded an Engineering, Procurement, and Construction Management (EPCM) agreement to Wood Group USA, Inc. for the upstream well field portion of the South West Arkansas (SWA) Project. This contract includes a Limited Notice to Proceed to advance detailed engineering, permitting, and early procurement activities. The SWA Project is designed to produce 22,500 tonnes per annum of battery-quality lithium carbonate, marking a significant step towards securing critical minerals for the US domestic supply chain.
Key Highlights
- Smackover Lithium awarded an EPCM contract to Wood Group USA, Inc. for the South West Arkansas Project well field.
- The SWA Project is designed to produce 22,500 tonnes per annum of battery-quality lithium carbonate.
- Well field activities represent less than one-third of the Project's estimated capital expenditure.
- The well field includes 4 well pads, 12 supply wells, and 10 injection wells.
- A separate EPCC agreement for the Central Processing Facility is expected in the second quarter.
- A Full Notice to Proceed is anticipated after a positive Final Investment Decision in 2026.
- Standard Lithium holds a 55% interest in Smackover Lithium, with Equinor holding 45%.
Price Impact
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