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Subsea 7 and OneSubsea form alliance

Subsea 7 and OneSubsea form alliance
London-headquartered Subsea 7 and Houston-based OneSubsea have announced the signing a global alliance agreement to combine resources and collaborate on selected projects.

The companies said 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 reservoir expertise and subsea production and processing systems technologies. The idea is to work collaboratively with clients to design, develop and deliver integrated SPS and SURF solutions.

Jean Cahuzac, CEO of Subsea 7, commented: “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, CEO of OneSubsea, added: “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.

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