OneSubsea is a Schlumberger company, headquartered in Houston, Texas, United States. The company is a subsea supplier[3] for the subsea oil and gas market.

OneSubsea
Company typePublic
NYSESLB
S&P 500 component
Fortune 500
IndustryOilfield services & equipment
FoundedNovember 15, 2012
HeadquartersHouston, Texas, US
Number of locations
Houston, Texas, US
Bergen, Norway
Celle, Germany
Leeds, England, UK
Aberdeen, Scotland, UK
Barrow-in-Furness, England
Area served
Worldwide
Key people
Mike Garding, Managing Director[1]
ProductsIntegrated Solutions[buzzword], Production Systems, Processing Systems, Control Systems, Swivel and Marine Systems, Subsea Services
Revenue$2 Billion USD (2014)[2]
ParentSchlumberger

History edit

In November 2012, Cameron International and Schlumberger announced a they were forming a Joint venture called OneSubsea. Cameron would manage OneSubsea with a 60% interest, with Schlumberger retaining 40%.[4][5]

In January 2015, Helix, OneSubsea and Schlumberger formed the Subsea Services Alliance to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems.[6]

In July 2015, Subsea 7 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.[7][8]

In August 2015, OneSubsea was awarded a contract to supply subsea processing systems for Shell's Stones development in the Gulf of Mexico.[9]

Schlumberger announced in August 2015 that it was acquiring Cameron and OneSubsea for $14.8 billion.[10]

See also edit

References edit

  1. ^ "Mike Garding Chief Executive Officer". OneSubsea. Archived from the original on 9 May 2015. Retrieved 30 March 2016.
  2. ^ "Cameron Announces Results For Third Quarter Of 2015". Cameron- SLB investors center. Cameron. Retrieved 30 March 2016.[permanent dead link]
  3. ^ "Statoil signing new agreements with OneSubsea and Aker Solutions". Statoil official website. Retrieved 11 March 2016.
  4. ^ Chamberlin, Alex (17 September 2015). "OneSubsea's Importance in the Schlumberger-Cameron International Deal". Yahoo Finance. Yahoo. Retrieved 18 March 2016.
  5. ^ "Cameron, Schlumberger form Subsea JV". Offshore Engineer. November 19, 2012.
  6. ^ "Helix and OneSubsea and Schlumberger Execute Subsea Well Intervention Alliance Agreement". Retrieved 20 September 2023.
  7. ^ "Brief-Subsea 7 and OneSubsea in global alliance". Reuters. 13 July 2015. Retrieved 15 March 2016.
  8. ^ "OneSubsea, Subsea 7 form alliance". OE Offshore Engineer. 13 July 2015. Retrieved 15 March 2016.
  9. ^ "OneSubsea to supply subsea processing systems for Shell's Stones development in Gulf of Mexico". Offshore Technology. August 20, 2015.
  10. ^ "Schlumberger to Buy Cameron in $14.8 Billion Deal". Fox business. 5 January 2016. Retrieved 15 March 2016.