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Smackover Lithium Announces the Award of Well Field EPCM Contract for the South West Arkansas Project Ahead of Final Investment Decision
All figures are in US dollars unless otherwise stated. LEWISVILLE, Ark., May 21, 2026 (GLOBE NEWSWIRE) -- Smackover Lithium, a partnership between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI) and Equinor, through subsidiaries of Equinor ASA, announced that it has entered into an engineering, procurement, and construction management (“EPCM”) agreement (the “Agreement”) with Wood Group USA, Inc. (“Wood”) focused on the upstream well field portion of the Sou
About this update from Standard Lithium Ltd.
[{"type":"text","content":"All figures are in US dollars unless otherwise stated.","length":54,"tagName":"p"},{"type":"text","content":"LEWISVILLE, Ark., May 21, 2026 (GLOBE NEWSWIRE) -- Smackover Lithium, a partnership between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI) and Equinor, through subsidiaries of Equinor ASA, announced that it has entered into an engineering, procurement, and construction management (“EPCM”) agreement (the “Agreement”) with Wood Group USA, Inc. (“Wood”) focused on the upstream well field portion of the South West Arkansas Project (“SWA Project” or the “Project”).","length":503,"tagName":"p"},{"type":"text","content":"Wood is a global leader in consulting, engineering and operations for the energy and materials sectors and has significant expertise in managing complex, multi-disciplinary projects encompassing EPCM across diverse sectors, including lithium and broader minerals.","length":263,"tagName":"p"},{"type":"text","content":"The well field for the SWA Project comprises four (4) well pads supporting twelve (12) supply and ten (10) injection wells, brine gathering and return pipelines from the well pads to the Central Processing Facility (“CPF”), and a gas gathering system from the well pads to a disposal well in the area.","length":301,"tagName":"p"},{"type":"text","content":"Wood will deliver EPCM services for the well field surface facilities including well pads, pipelines, and related third-party interfaces. The scope includes Project support services for the subsurface, drilling and wells activities, which will be led by the Project team, leveraging Equinor’s strong internal expertise and capabilities. A separate engineering, procurement, construction and commissioning (“EPCC”) agreement is expected to be signed with a different counterparty for the CPF, which includes the direct lithium extraction process and conversion to battery-quality lithium carbonate. The EPCC agreement is also expected to be completed in the second quarter.","length":672,"tagName":"p"},{"type":"text","content":"The SWA Project is designed to produce 22,500 tonnes per annum of battery-quality lithium carbonate production in its initial phase. Upstream well field-related activities account for less than one-third of the Project’s estimated capital expenditure, the latest published details of which are prov...