HOUSTON, June 26, 2015 /PRNewswire/ --
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."
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
equipment deliveries, made in reliance upon the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The actual results may differ materially from those described in
forward-looking statements. Such statements are based on current
expectations of performance and are subject to a variety of
factors.
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SOURCE Cameron