HOUSTON, Oct. 13, 2014 /PRNewswire/ -- OneSubsea™, a
Cameron (NYSE:CAM) and
Schlumberger (NYSE:SLB) 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."
About OneSubsea
OneSubsea, a Cameron and Schlumberger Company, offers a
step change in reservoir recovery for the subsea oil and gas
industry through integration and optimization of the entire
production system over the life of the field. Cameron, with its long history of innovation
and firsts in the subsea market, is an industry leader in design
capability, manufacturing excellence and successful installations.
Schlumberger brings a deep understanding of the reservoir, and
industry-leading well completions, subsea processing and
integration platform. Through the integration of these strengths,
OneSubsea offers best-in-class subsea solutions for its
customers. For more information, visit www.onesubsea.com.
This document includes forward-looking statements regarding
Cameron, made in reliance upon the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. The actual results of Cameron may differ materially from those
described in forward-looking statements. Such statements are based
on current expectations of the performance of Cameron and are subject to a variety of
factors, some of which are not under the control of Cameron, which can affect the results of
operations, liquidity or financial condition of Cameron.
Because the information herein is based solely on data currently
available, it is subject to change as a result of changes in
conditions over which Cameron has
no control or influence, and should not therefore be viewed as
assurance regarding Cameron's
performance. Additionally, Cameron
is not obligated to make public indication of such changes unless
required under applicable disclosure rules and regulations.
SOURCE Cameron