OneSubsea in 10-year deal with BG
- Business & Finance
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 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 explains in the release.
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.”
FMC Technologies has reported that BG Group has awarded global frame agreements to both OneSubsea and FMC Technologies.
According to FMC Technologies, the global frame agreement signed with FMC Technologies is a ten year global frame agreement to provide subsea equipment and services for their developments worldwide. This frame agreement expands on the existing frame agreement that FMC Technologies signed in 2010 with BG’s Norwegian subsidiary, BG Norge.