A contract for subsea work at an oil field in the South China Sea could help unlock hundreds of millions of barrels of oil reserves, TechnipFMC announced. The oil and gas services company said it was awarded a contract by China National Offshore Oil Corp., the largest offshore oil and gas producer in China, for subsea components for the development of the Liuhua oil field in the South China Sea. “We are proud and honored to be selected by CNOOC Ltd. for this contract, which is one of the largest subsea production systems contracts awarded this year in our industry,” Hallvard Hasselknippe, the president of TechnipFMC’s subsea business, said in a statement . The South China Sea is a source of multilateral contentions. The […]