OneSubsea awarded contract for PEMEX deepwater development

OneSubsea

OneSubsea, a Cameron (NYSE:CAM) and Schlumberger (NYSE:SLB) company, has been awarded a subsea production systems contract totaling 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.

OneSubsea 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.

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