Thursday, 28 May 2015

OneSubsea Awarded $330 Million Contract For Subsea Production System Offshore North Africa - 28/05/2015

OneSubsea Awarded $330 Million Contract For Subsea Production System Offshore North Africa

OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has been awarded a subsea production systems contract totaling more than $330 million for a gas project offshore North Africa.

The scope of supply for the 13-well development includes subsea production equipment, tooling, and installation and commissioning services. Deliveries are expected to begin Q3 2016.

"The award represents phase two of this development and is the largest award for a subsea production system within the North Africa region to date," said Cameron Chairman and Chief Executive Officer Jack Moore. "Having already supplied the first phase of this development, OneSubsea now looks forward to progressing with this second phase."

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