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.
Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said.
Attention remains on finding and maintaining operational efficiencies amid market challenges for U.S. shale producers.
Companies added two oil rigs in the week to Feb. 14, bringing the total count to 678, energy services firm Baker Hughes Co. said in its weekly report.