OneSubsea Delivers World's First Subsea Multiphase Compressor to Statoil
Houston (March 20, 2015) – OneSubsea a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, has delivered the world’s first subsea Multiphase Compressor to Statoil for the Gullfaks South field in the North Sea.
The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating the need for an upstream separation facility or an anti-surge system, making it the industry’s only true wet gas compressor. It is expected to increase the recovery rate for the Gullfaks South Brent reservoir by 22 million barrels of oil equivalent.
OneSubsea Chief Executive Officer Mike Garding said, "Statoil is at the forefront of subsea compression. By working in collaboration with Statoil, we have been able to develop an optimal solution to help them advance their subsea factory strategy."
To learn more about this groundbreaking technology, click here.
OneSubsea, a Cameron and Schlumberger Company, 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. For more information, visit www.onesubsea.com.
This document includes forward-looking statements regarding performance capabilities of products, made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The actual results may differ materially from those described in forward-looking statements. Such statements are based on current expectations of the performance and are subject to a variety of factors, some of which are not under the control of the companies mentioned herein, which can affect the companies’ results of operations, liquidity or financial condition.
Because the information herein is based solely on data currently available, it is subject to change as a result of changes in conditions over which the companies have no control or influence, and should not therefore be viewed as assurance regarding performance. Additionally, the companies are not obligated to make public indication of such changes unless required under applicable disclosure rules and regulations.
For further information, contact:
Vice President, Investor Relations
Cameron International Corp.
Tel: +1 713 513 3344
Director of Marketing
Tel: +1 713 939 2839