OneSubsea and Subsea 7 form alliance

OneSubsea^®, a Cameron and Schlumberger company, has signed an agreement with Subsea 7, establishing a worldwide non-incorporated alliance. The alliance will bring together Subsea 7’s technology in seabed to surface engineering, construction and life-of-field services and OneSubsea’s reservoir knowledge, subsea production and processing systems technologies.

The alliance will combine both companies’ resources to improve field development planning from the reservoir to the production facility. The alliance will work collaboratively with clients to design, develop and deliver integrated subsea production systems and subsea umbilicals, risers and flowlines systems solutions. This will ultimately enhance project delivery, improve the recovery, and optimise the cost and efficiency of deepwater subsea developments for the life selected fields.

Established in subsurface modelling and production systems engineering

“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,” Mike Garding, OneSubsea Chief Executive Officer, said. “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 further reduce risk and uncertainty to deliver the optimal solution for our clients to produce cost-effectively from subsea reservoirs.”

Developing joint technologies to improve offerings

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.”

Adapted from press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/13072015/onesubsea-and-subsea-7-form-alliance/