SLB’s Tier 1 manufacturing facility. (Source: SLB)
BP awarded OneSubsea, a joint venture between SLB, Aker Solutions and Subsea7, with a contract to provide a subsea boosting system in its greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico, SLB announced Oct. 29.
BP’s Kaskida is located in the Keathley Canyon area about 250 miles southwest off the coast of New Orleans in 6,000 ft of water.
The project scope includes a supplier-led, high-pressure subsea pump solution complete with an integrated power and controls umbilical and associated topside equipment.
The partnership is the first engineering, procurement and construction (EPC) contract for a subsea boosting system between SLB OneSubsea and BP.
“We’re delighted to expand our relationship with BP into the subsea processing domain, especially with such a critical delivery to BP’s first Paleogene field development,” said Mads Hjelmeland, CEO of SLB OneSubsea, in the press release.
Recommended Reading
Report: Will Civitas Sell D-J Basin, Buy Permian’s Double Eagle?
2025-01-15 - Civitas Resources could potentially sell its legacy Colorado position and buy more assets in the Permian Basin— possibly Double Eagle’s much-coveted position, according to analysts and media reports.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Orion Acquires SCOOP/STACK Interests, Pursuing Permian Deals
2024-11-11 - Orion Diversified Holding Co. is pursuing negotiations with several oil companies in the Permian Basin to acquire oil and gas assets, the company’s CEO said.
Oxy CEO Sheds Light on Powder River Basin Sale to Anschutz
2024-11-14 - Occidental is selling non-core assets in the Lower 48 as it works to reduce debt from a $12 billion Permian Basin acquisition.
Surge Energy Balancing M&A Hunt with Testing Midland’s Shallow Zones
2024-12-05 - Surge Energy’s Travis Guidry discusses the potential for $1.3 billion in Permian Basin M&A and the company’s quest to grow inventory organically.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.