HOUSTON, May 28, 2015 /PRNewswire/
-- 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."
About OneSubsea
OneSubsea, a Cameron and Schlumberger Company, offers a
step-change in reservoir recovery for the subsea oil and gas
industry through integration and optimization of the entire
production system over the life of the field. Cameron, with its
long history of innovation and firsts in the subsea market, is an
industry leader in design capability, manufacturing excellence and
successful installations. Schlumberger brings a deep understanding
of the reservoir, and industry-leading well completions, subsea
processing and integration platform. Through the integration of
these strengths, OneSubsea offers best-in-class subsea solutions
for its customers. For more information, visit
www.onesubsea.com.
This document includes forward-looking statements regarding
delivery times and future revenues, made in reliance upon the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. The actual results of the companies may differ materially
from those described in forward-looking statements. Such statements
are based on current expectations of the performance of the
companies and are subject to a variety of factors, some of which
are not under the control of the companies, which can affect the
companies' results of operations, liquidity or financial
condition.
Because the information herein is based solely on data currently
available, it is subject to change as a result of changes in
conditions over which the companies have no control or influence,
and should not therefore be viewed as assurance regarding the
companies' performance. Additionally, the companies are not
obligated to make public indication of such changes unless required
under applicable disclosure rules and regulations.
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SOURCE OneSubsea