Subsea 7 enters into cooperation with OneSubsea

Subsea 7 and OneSubsea have agreed to form a global non-incorporated alliance.

Offshore staff

LUXEMBOURGSubsea 7 and OneSubsea have agreed to form a global non-incorporated alliance.

They will jointly design and develop integrated subsea development solutions by combining 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 alliance will pool the participants’ resources to collaborate on selected projects, engaging early to assist field development planning from the reservoir to the production facility.

They also aim to deliver subsea production system and subsea umbilical, riser, and flowline (SURF) solutions to improve recovery and to optimize the cost and efficiency of deepwater developments for the life of the field.

Jean Cahuzac, Subsea 7’s CEO, said: “This combination…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.”

Mike Garding, OneSubsea’s CEO, said: “Our established competencies in subsurface modeling 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.”

07/13/2015

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