OneSubsea wins $60mn contract for Shah Deniz Two

Contract awarded by field operator BP

OneSubsea offers products and services in reservoir recovery for the subsea oil and gas industry.
OneSubsea offers products and services in reservoir recovery for the subsea oil and gas industry.

Oilfield service company OneSubsea said Friday it was awarded a contract totaling more than $60mn for the Shah Deniz Two development, operated by BP, offshore Azerbaijan.

The joint venture between Schlumburger and Cameron was awarded the initial contract for subsea trees for Shah Deniz Two in 2013.

The scope of the new contract includes the supply of the second of three planned batches of subsea production trees and ancillaries. Deliveries are expected to commence 2016.

OneSubsea CEO Mike Garding said, "We are very pleased to be continuing the work on the Shah Deniz development. These high pressure trees are based on the tree technology supplied for the BP Isabela project in the Gulf of Mexico."

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Oil & Gas Middle East - September 2020

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