OneSubsea™, a Cameron and Schlumberger company, has signed a 10-year global frame agreement with BG Group to supply subsea production equipment and aftermarket services.
By adopting OneSubsea’s unique integrated solutions capabilities, the agreement establishes a framework for BG to pursue a standardized approach to subsea production technology and services for their new field development portfolio on a worldwide basis.
OneSubsea Chief Executive Officer Mike Garding said, “We are extremely pleased to be collaborating with BG Group to support their subsea field development objectives on a global scale. Through this long-term framework agreement, OneSubsea will engage the competencies of our Integrated Solutions team, providing engineering expertise, reliable field-proven technology, and aftermarket services to meet BG’s new development goals. Having supplied more than 100 trees to-date, this further cements our well-established relationship with BG.”
About OneSubsea
OneSubsea, a Cameron (NYSE: CAM) and Schlumberger Company (NYSE: SLB), 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.