SLB OneSubsea Awarded Subsea Boosting Contract for BP’s Kaskida Project in GoM

SLB (NYSE: SLB) today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico.

This award marks the latest milestone in the long-standing relationship between SLB OneSubsea and bp and is the first engineering, procurement and construction (EPC) contract for a subsea boosting system between the two companies. The project scope includes a supplier-led, high-pressure subsea pump solution complete with an integrated power and controls umbilical, as well as associated topside equipment.

“We’re delighted to expand our relationship with bp into the subsea processing domain, especially with such a critical delivery to bp’s first Paleogene field development” said Mads Hjelmeland, CEO of SLB OneSubsea. “Our subsea boosting system will accelerate and maximize the immense potential for this development.”

The OneSubsea subsea boosting system is a key technology within bp’s first Paleogene field development. It will supply the required artificial lift needed to maximize production through the accelerated recovery of reserves with minimal energy consumption.