OneSubsea in Long-Term GoM Master Agreement with Chevron

Chevron has awarded OneSubsea a 20-year equipment and services master contract for subsea development projects in the Gulf of Mexico, a parent company Schlumberger said in its quarterly report. 

Combining this master contract with a preapproved catalog of standard subsea equipment should enable Chevron to decrease operating costs in its subsea projects, Schlumberger said.

The provision of a OneSubsea custom catalog of equipment will also include new technologies, including high-temperature projects or high-pressure projects requiring equipment that can withstand up to 20,000 psi.

The OneSubsea orders in the second quarter of 2019 were $428 million, down from $511 million sequentially. Backlog stands at $2.17 billion against $2.09 billion Q-on-Q.

Share this article

Follow Subsea World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >