Monday, 29 June 2015

OneSubsea Awarded Contract For The Supply Of Subsea Trees For Shah Deniz Two Development, Azerbaijan - 29/06/2015

OneSubsea Awarded Contract For The Supply Of Subsea Trees For Shah Deniz Two Development, Azerbaijan

OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has been awarded a contract totaling more than $60 million for the Shah Deniz Two development, operated by BP, offshore Azerbaijan. 

OneSubsea was awarded the initial contract for subsea trees for Shah Deniz Two in 2013. The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence 2016.

OneSubsea Chief Executive Officer Mike Garding said, "We are very pleased to be continuing the work on the Shah Deniz development. These high pressure trees are based on the tree technology supplied for the BP Isabela project in the Gulf of Mexico."

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