OneSubsea, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB), announced Monday it won a contract from BP Exploration Ltd., and partner DEA, to supply subsea production systems for the West Nile Delta Giza/Fayoum and Raven fields, situated offshore Egypt. Giza/Fayoum will be tied-back to modified onshore Rosetta facilities and integrated with a new onshore plant for Raven. The scope of supply for the long-distance gas fields includes large-bore subsea trees, manifold systems incorporating high-integrity pressure protection systems (HIPPS) for the high-pressure Raven field, connection systems, and controls systems, along with project engineering, management and testing. The booking was recognized in the fourth-quarter of 2015. "BP continues to be successful in driving its standardization philosophy, and this is the third award to OneSubsea that will utilize the jointly-developed large-bore tree already being deployed to other BP projects," said Mike Garding, Chief Executive Officer of OneSubsea. "OneSubsea continues to support BP in its West Nile Delta development goals, and we are proud to be a part of its long and successful track record in Egypt."
