Schlumberger Ltd. said July 23 it had been awarded a 20-year subsea equipment and services master contract for subsea development projects in the Gulf of Mexico (GoM) by an affiliate of Chevron Corp.
Combining this master contract with a preapproved catalog of standard subsea equipment will enable Chevron to decrease operating costs in its subsea projects, according to a Schlumberger press release.
The provision of a OneSubsea custom catalog of equipment will also include innovative technologies that meet Chevron’s project requirements, including high-temperature projects or high-pressure projects requiring equipment that can withstand up to 20,000 psi.
“We look forward to continuing our technology collaboration with Chevron to optimize project efficiency and reduce cycle times in its future Gulf of Mexico subsea projects, from concept through life-of-field services,” Don Sweet, president at OneSubsea, said.
The equipment in the OneSubsea catalog includes multiphase boosting systems and flowmeters, subsea production trees, manifolds, controls and connections systems.
Oilfield services company Petrofac Ltd. said it would sell its remaining 51% interest in its Mexico operations to Perenco (Oil & Gas) International Ltd. for $276 million.
Here’s a quicklist of oil and gas assets on the market including Encana Bakken assets and Scoop and Stack leasing opportunities from Panhandle Oil and Gas.
Here’s a snapshot of energy deals from the past week including Energy Transfer’s roughly $5 billion acquisition and a multimillion-dollar all-equity deal by Diamondback’s mineral acquisition subsidiary.