Deals Counterparts

OneSubsea secures EPC contract for subsea production systems at Kikeh 3B Phase 2 deepwater project offshore Malaysia

Supply Agreement Oil Gas announced Malaysia Mar 11, 2026
development
Stage
Kikeh 3B Phase 2 development
Project

OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, secured an engineering, procurement, and construction (EPC) contract from PTTEP for subsea production systems at the Kikeh 3B Phase 2 deepwater project offshore Malaysia. This contract, the third major award from PTTEP in 12 months, involves supplying three subsea trees, a manifold, a subsea distribution unit, and integrated control systems, with project execution scheduled through 2026 and 2027.

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Source Intelligence

KEY DETAILS

The contract is for the supply of three subsea trees, a manifold, a subsea distribution unit and integrated control systems, together with project management and associated services. Project execution is scheduled to run through 2026 and 2027. This contract marks the third major subsea production systems award received by OneSubsea from PTTEP in the past 12 months. The Kikeh field operates in water depths of around 1,300–1,400 meters. Quotes: "Under the contract scope, OneSubsea will supply three subsea trees, a manifold, a subsea distribution unit and integrated control systems, together with project management and associated services." "Project execution is scheduled to run through 2026 and 2027 and will be supported by OneSubsea’s manufacturing and services facilities in Malaysia." "The contract marks the third major subsea production systems award received by OneSubsea from PTTEP in the past 12 months." "It operates in water depths of around 1,300–1,400 meters."

Location
for subsea production systems at a deepwater project offshore Malaysia. The contract covers the delivery of integrated subsea production systems for the Kikeh 3B Phase 2 development
Announcement
Published Mar 11, 2026 8:39 am ET
PARTIES MENTIONED IN SOURCE
O
OneSubsea seller

"OneSubsea, a joint venture between SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract"

P
PTT Exploration and Production Public Company Limited (PTTEP) buyer

"by Thai’s PTT Exploration and Production Public Company Limited (PTTEP) for subsea production systems"

high quality Enriched Mar 11, 2026

Timeline

Announced
Mar 11, 2026
Signed
Closed

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