OneSubsea Awarded Chevron Master Agreement

Chevron has awarded OneSubsea a 20-year subsea equipment and services master contract for development projects in the Gulf of Mexico, the subsea supplier’s parent company Schlumberger announced on Tuesday.

Combining this master contract with a preapproved catalog of standardized subsea equipment will enable the US supermajor to decrease operating costs in its subsea projects, Schlumberger said.

The provision of a OneSubsea custom catalog of equipment will also include innovative technologies that meet Chevron’s project requirements, including high-temperature projects or high-pressure projects requiring equipment that can withstand up to 20,000 psi, the company added.

“We look forward to continuing our technology collaboration with Chevron to optimize project efficiency and reduce cycle times in its future Gulf of Mexico subsea projects, from concept through life-of-field services,” said Don Sweet, president, OneSubsea.

The equipment in the OneSubsea catalog includes multiphase boosting systems and flowmeters, subsea production trees, manifolds, controls and connections systems.