OneSubsea Awarded $330m Contract

According to a report from Upstream Online, Libya's Mellitah Oil & Gas has awarded a $330-million contract to OneSubsea.

The contract is to carry out work at the Bahr Essalam field in Block NC41. A statement from OneSubsea confirmed a major gas project offshore North Africa, but did not specify the location:

"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.'"

(Source: Upstream Online)

(Picture: Jack B. Moore, Chairman and Chief Executive Officer of Cameron)

No comments yet.

Leave a Reply