Dril-Quip, Inc. has announced that Dril-Quip (Europe) Limited, its wholly-owned subsidiary serving the North Sea, Europe and Africa regions, has been awarded a contract valued at approximately US$ 110 million, based on current exchange rates, to supply subsea completion systems and related services for an FPSO development project.
In accordance with the contract, Dril-Quip will provide subsea wellhead systems, subsea production and injection tree systems, and subsea and topside control systems for the project. Delivery of these systems is expected to begin in the second half of 2015.
Adapted from a press release by David Bizley
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