SLB’s OneSubsea has been awarded a contract by energy giant BP for a subsea boosting system in the greenfield development of the Kaskida project in the US Gulf of Mexico. This contract 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 integrated power and controls umbilical, as well as associated topside equipment. The boosting system supplied by the company will provide the required artificial lift needed to maximize production through the accelerated recovery of reserves with minimal energy consumption. “Our subsea boosting system will accelerate and maximize the immense potential for this development,” said Mads Hjelmeland, CEO of SLB OneSubsea. Kaskida was discovered back in 2006 and is estimated to hold four billion barrels of oil. According to last year’s statement from BP, which holds 100% of the discovery, the price tag for the development of Kaskida should be in the region of $15bn to $20bn. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsUnited Kingdom United States