OneSubsea clinches 20-year subsea deal with Chevron

Illustration. Source: OneSubsea

Houston-based subsea equipment supplier OneSubsea, a Schlumberger company, has been awarded a 20-year subsea equipment and services master contract for subsea development projects in the Gulf of Mexico by oil major Chevron. 

This was announced last Friday by OneSubsea’s parent company, Schlumberger, in its second quarter 2019 report.

Schlumberger said that combining this master contract with a pre-approved catalog of standard subsea equipment would enable Chevron to decrease operating costs in its subsea projects.

The provision of a OneSubsea custom catalog of equipment will also include innovative technologies that meet Chevron’s project requirements, including high-temperature projects or high-pressure projects requiring equipment that can withstand up to 20,000 psi.

It is also worth mentioning that, in the second quarter 2019, OneSubsea’s orders totaled $428 million and its backlog at the end of this period was $2.2 billion.

Schlumberger recorded a 14 percent increase in its second quarter 2019 net profit while expecting oil market sentiments to remain balanced. Schlumberger also revealed last Friday that its CEO, Paal Kibsgaard, would retire after eight years in the role. The company has already named Olivier Le Peuch to replace Kibsgaard as of August 1, 2019.

Offshore Energy Today Staff


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

OilComm 2019

OilComm is a place where major players in energy, maritime, and transportation communities come together…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply