OneSubsea Awarded $330 Mln Contract For Gas Project Offshore North Africa

(RTTNews) - OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has been awarded a subsea production systems contract totaling over $330 million for a gas project offshore North Africa.

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 the third quarter of 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.