HOUSTON – OneSubsea, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has won a subsea production systems contract valued at more than $270 million for the Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by PEMEX.
The scope of supply for the seven-well system includes subsea production equipment and tooling. OneSubsea will also provide installation and commissioning services. Deliveries are expected to begin in June 2016.