Deal will see OneSubsea supply 10 large bore gas trees
- The exact value of the contract has not been disclosed
- It is worth tens of millions of dollars according to a source
- Egypt is looking to rapidly ramp up domestic gas production
US-based OneSubsea, a joint venture of the US oil service companies Cameron and Schlumberger, has been awarded a contract to supply subsea systems for Egypts West Nile Delta Taurus-Libra offshore development.
Its a big system and the contract is worth tens of millions of dollars, said a source with knowledge of the project.
The exact value of the contract has not been disclosed.
As part of the contract, OneSubsea has agreed to supply 10 large bore gas trees and related subsea equipment.
The first deliveries are expected to be made in the first quarter of 2016.
The Taurus-Libra gas field scheme is the first field development project in the West Nile Delta area and will be linked to existing offshore infrastructure that forms part of UK energy company BG Groups West Delta Deep Marine development as part of an agreement signed in March this year.
The West Delta Deep Marine concession was awarded to BG in 1995 and first gas from its Scarab and Saffron fields came onstream in 2003.
Gas from Taurus-Libra will also be processed at BGs West Delta Deep Marine onshore facilities as per the March agreement.
Egypt is currently looking to rapidly ramp up domestic gas production in order to ease an ongoing gas crisis.
This project is being executed on a fast-track schedule, utilising the standardised BP horizontal gas tree and control system that we jointly developed, said OneSubseas CEO, Mike Garding.
OneSubsea is also in the running to win a contract in Libya, due to be awarded before June this year.