Service company OneSubsea received a subsea production systems contract for a gas project offshore North Africa. The contract totals more than $300 million, the company said May 28.
The scope of supply for the 13-well development includes subsea production equipment, tooling and installation and commissioning services. Deliveries are scheduled to begin in 2016’s third quarter.
Jack Moore, chairman and CEO of Cameron, which is the co-parent company of OneSubSea with Schlumberger Ltd., said the contract marks “phase two” of the offshore North Africa development, and it is the largest amount for a subsea production system in the region to date.
Recommended Reading
TotalEnergies Ups Stake in Two Blocks Offshore Namibia
2024-01-10 - TotalEnergies is acquiring an additional 10.5% participating interest in Block 2913B and an additional 9.39% participating interest in Block 2912.
Enterprise Declares Quarterly Cash Distribution
2024-01-08 - Enterprise Products Partners’ distribution will be paid Feb. 14 to common unitholders of record by Jan. 31.
Vast Appoints Two Additional Directors to Board
2024-01-12 - Vast’s appointment of Peter Botten and Tom Quinn brings the board’s recently expanded size to seven members.
BrightNight Closes $375MM Corporate Credit Facility
2024-01-05 - The credit facility is expected to boost BrighNight’s project portfolio which includes solar, energy storage and integrated technologies.
TurningPoint Energy Names Naini as President
2024-01-09 - Salar Naini, who previously served as executive vice president of business development for TurningPoint, will lead the company’s daily business operations.