OneSubsea nets $330M for work offshore North Africa

OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totalling more than $330 million for a gas project offshore North Africa.

According to the company, the scope of supply for the 13-well development includes subsea production equipment, tooling, and installation and commissioning services. Deliveries are expected to begin in 3Q 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.”

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