Cameron wins Usan subsea contract

Total has awarded Cameron a $650-million contract to provide subsea systems for the initial phase of the 44-well Usan development project, offshore Nigeria.

Offshore staff

HOUSTON -- Total has awarded Cameron a $650-million contract to provide subsea systems for the initial phase of the 44-well Usan development project, offshore Nigeria.

Under the contract, Cameron will provide subsea systems engineering and project management, along with subsea trees, production and intervention control systems, manifolds, flowline connection systems, installation support, and associated spares for Total's Nigerian subsidiary, Elf Petroleum Nigeria.

The agreement also includes provisions for additional revenues of $2 million per well, associated with installation and commissioning support over the life of the contract. Initial equipment delivery and installation is scheduled to begin in 1Q 2009, with additional deliveries of subsea trees and associated equipment to continue through 2012.

03/12/2008

More in Subsea