Showing posts with label Mike Garding. Show all posts
Showing posts with label Mike Garding. Show all posts

Monday, June 20, 2016

OneSubsea wins contract for Zohr development, offshore Egypt - WORLD OIL

6/20/2016

HOUSTON -- OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel). OneSubsea will supply the subsea production systems for the first stage of Zohr field, located in the Shorouk Concession, offshore Egypt.

“Zohr is one of the largest gas fields discovered in the Mediterranean Sea to date, and is also the world’s second longest step-out, a distance greater than 150 km. This step-out will be enabled by OneSubsea controls systems with fiber-optic communications technology,” said Mike Garding, president, OneSubsea. “Our supplier-led approach to the field development, coupled with our FasTrac program capability, and our integrated offering that includes flow assurance, subsea production system and landing string capabilities, will help Petrobel meet their first gas commitment.”