OneSubsea Awarded $270M Contract For Pemex Lakach Deepwater Development, Mexico

OneSubsea™, a Cameron

and Schlumberger

company, has been awarded a subsea production systems contract totaling more than $270 million for the Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by Pemex. The scope of supply for the seven well system includes subsea production equipment and tooling. OneSubsea will also provide installation and commissioning services. Deliveries are expected to begin in June 2016. Cameron Chairman and CEO, Jack B. Moore said, "OneSubsea is very honored to be awarded this contract from Pemex. The Lakach field is a significant development for Mexico, and OneSubsea looks forward to providing the best-in-class equipment and services that will help them optimize production."