Schlumberger, Subsea 7 announce joint venture plans
Luxembourg-based Schlumberger and Subsea 7 intend to form a joint venture (JV) to build on the success of the Subsea Integration Alliance.
Established in 2015, the Subsea Integration Alliance combines the subsurface expertise, subsea production systems (SPS) and subsea processing systems of OneSubsea with the subsea umbilical, riser and flowline systems (SURF) capabilities of Subsea 7.
The proposed JV aims to strengthen the front-end engineering, design and execution of integrated projects, including autonomous subsea technology, digitally enabled remote surveillance and production monitoring, and inspection, maintenance and repair services.
The JV joint venture will be owned 50 per cent by both firms.
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