OneSubsea Awarded Contract for BP West Nile Delta Taurus Libra Development, Egypt
Houston (April 23, 2015) – OneSubsea®, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has been awarded a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt.
The subsea systems scope of supply includes 10 large bore gas trees and related subsea equipment. First deliveries are expected in Q1 2016. The Taurus Libra field is the first development in the West Nile Delta area and is being tied back to the existing West Delta Deep development.
OneSubsea Chief Executive Officer Mike Garding said, “This project is being executed on a fast track schedule, utilizing the standardized BP horizontal gas tree and control system that we jointly developed. OneSubsea has a long history of supplying subsea systems to Egypt and we look forward to continuing this success.”
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 the companies, 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.
For further information, contact:
Director of Marketing
Tel: +1 713 939 2839