OneSubsea is a SLB company, headquartered in

Oslo, Norway Oslo ( or ; ) is the Capital city, capital and List of towns and cities in Norway, most populous city of Norway. It constitutes both a Counties of Norway, county and a Municipalities of Norway, municipality. The municipality of Oslo had a populat ...

and

Houston, Texas Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

, United States. The company is a

subsea Subsea technology involves fully submerged ocean equipment, operations, or applications, especially when some distance offshore, in deep ocean waters, or on the seabed. The term ''subsea'' is frequently used in connection with oceanography, marin ...

supplier for the subsea oil and gas market. As of August 2024, the company is the worlds largest in terms of installed subsea christmas trees

History

In November 2012,

Cameron International Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control s ...

and

Schlumberger Schlumberger (), doing business as SLB, is a global multinational oilfield services company. Founded in France in 1926, the company is now incorporated as Schlumberger NV in Willemstad, Curaçao, with principal executive offices in Houston ...

announced that they were forming a

Joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

called OneSubsea. Cameron would manage OneSubsea with a 60% interest, with Schlumberger retaining 40%. In January 2015, Helix, OneSubsea and

formed the Subsea Services Alliance to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems. In July 2015,

Subsea 7 Subsea 7 S.A. (stylised as Subsea7) is a Luxembourgish multinational services company involved in subsea engineering and construction serving the offshore energy industry. The company is registered in Luxembourg with its headquarters in London. ...

and OneSubsea entered into an agreement to form a non-incorporated alliance. The alliance was formed to focus on subsea production systems (SPS) and subsea processing systems, subsea umbilicals, risers and flowlines systems (SURF), and life-of-field services. In August 2015, OneSubsea was awarded a contract to supply subsea processing systems for

Shell Shell may refer to: Architecture and design * Shell (structure), a thin structure ** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses Science Biology * Seashell, a hard outer layer of a marine ani ...

's Stones development in the

Gulf of Mexico The Gulf of Mexico () is an oceanic basin and a marginal sea of the Atlantic Ocean, mostly surrounded by the North American continent. It is bounded on the northeast, north, and northwest by the Gulf Coast of the United States; on the southw ...

. Schlumberger announced in August 2015 that it was acquiring Cameron and OneSubsea for $14.8 billion. Schlumberger announced in August 2022, that OneSubsea was going into a joint venture with AkerSolutions and Subsea7. The ownership of OneSubsea is 70% with Schlumberger, 20% with AkerSolutions and Subsea7 owning the last 10% In July 2024, it was announced that OneSubsea was awarded the contract to front-end design an all electric subsea tree project from

Equinor Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company, petroleum company operating in 36 countries with additional investments in renew ...

called Fram-Sør.

References

{{Petroleum industry Energy engineering and contractor companies Oilfield services companies Manufacturing companies based in Houston Multinational companies headquartered in the United States Offshore engineering

History

See also

References