OneSubsea wins multimillion-dollar contract to provide systems for BP offshore Egypt

Houston: Innovative joint venture OneSubsea has been awarded a multimillion-dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt, the company announced on its website on Thursday.

Contracted services will include 10 large bore gas trees and related subsea equipment.

The Taurus Libra field is the first development in the West Nile Delta area, which is expected to develop 5 Tcf (trillion cubic feet) of gas resources and 55 MMbbl (million barrels) of condensates.

Initial deliveries from OneSubsea are expected in the first quarter of 2016.

OneSubsea CEO Mike Garding said: “This project is being executed on a fast track schedule, utilising the standardised BP horizontal gas tree and control system that we jointly developed. OneSubsea has a long history of supplying subsea systems to Egypt and we look forward to continuing this success.”

OneSubsea is the offspring of two giants in the field of subsea exploration and extraction –Houston-based companies Cameron and Schlumberger. It was created in 2013 in order to manufacture and develop products, systems and services for the subsea oil and gas market.

The firm benefits from the best of each of its parent businesses, blending Cameron’s flow control expertise, process technologies, world-class manufacturing and aftermarket capabilities, with Schlumberger’s petro-technical leadership, reservoir and production technology, and R&D capabilities.

It has more than 6,000 employees in over 23 countries.

BP operates the West Nile Delta project with partner RWE Dea of Germany in a 60-40 split.

In January, Egypt’s government signed with various companies (BP included) six agreements for oil and gas exploration in the Gulf of Suez and the Western Desert.