Subsea 7 acquires digital service provider

Oct. 3, 2019
Subsea 7 has acquired Asker, Norway-headquartered 4Subsea, a provider of technology and digital services to offshore oil and gas and offshore wind operators.

Offshore staff

ASKER, NorwaySubsea 7 has acquired 4Subsea, a provider of technology and digital services to offshore oil and gas and offshore wind operators.

The company will function autonomously within Subsea 7, maintaining its independent brand and management team, led by CEO Peter Jenkins.

It will also support Subsea 7’s efforts to provide digital solutions to customers within its Life of Field and field development contracts.

Both parties will collaborate initially on a project involving monitoring of operational data on Subsea 7 vessels, contributing to the digitalization of the marine operations.

Using algorithms and artificial intelligence, 4Subsea will provide insights and decision support with digital twins in order to optimize these activities.

Peter Jenkins said: “We aim to combine our ability to deliver quick and targeted business value within well intervention, drilling, subsea operations, and offshore wind with Subsea 7’s strong position as a leading player within the subsea and renewables market.”

10/03/2019