Subsea 7 and Houston-based OneSubsea have announced the signing a global alliance agreement to combine resources and collaborate on selected projects.
The firms will jointly design, develop and deliver integrated subsea development solutions. OneSubsea is owned by Cameron and Schlumberger.
The alliance will bring together Subsea 7’s experience and technology in seabed to surface engineering, construction and life-of-field services with OneSubsea’s unique reservoir expertise and state-of-the-art subsea production and processing systems technologies.
The alliance will combine both companies’ resources to collaborate on selected projects, engaging early to improve field development planning from the reservoir to the production facility.
By combining the complementary capabilities and market leading technologies of OneSubsea and Subsea 7, the alliance will work collaboratively with clients to design, develop and deliver integrated SPS and SURF solutions which will enhance project delivery, improve the recovery, and optimize the cost and efficiency of deepwater developments for the life of the field.
Jean Cahuzac, Subsea 7 Chief Executive Officer, said: “This combination of subsurface, SPS, SURF and life-of-field expertise is unique in its breadth of integrated service offering and provides clients with the opportunity to significantly improve subsea field economics over the lifetime of the development. I am looking forward to developing further our relationship with OneSubsea as we will be able to capitalise on the synergies between our strong technology portfolios and develop joint technologies to improve our offering for our clients.”
Mike Garding, OneSubsea Chief
Executive Officer, said, “The technology and expertise from Subsea 7 perfectly
complements OneSubsea’s Pore to Process business strategy to offer a holistic approach to subsea development solutions. Our established competencies in subsurface modelling and production systems engineering will be further strengthened by integrating the SURF expertise provided by Subsea 7. By integrating these key areas of expertise, we can reduce further risk and uncertainty to deliver the optimal solution for our clients to produce cost-effectively from subsea reservoirs.”
OneSubsea is the creation of Cameron and Schlumberger, while Subsea 7 in its current form was created in 2011 as a result of a merger between Acergy and Subsea 7.