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Helix, OneSubsea and Schlumberger form subsea well intervention alliance

The alliance will develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems. It will combine the expertise and capabilities of the three companies, integrating marine support with well-access equipment and control technologies.

Helix president and CEO Owen Kratz said: “The future for subsea well intervention and the value creation it brings is still in the early stages of growth, and the potential for pioneering additional methods for value creation is significant. I believe that the challenges for creating the technology and delivering it efficiently to the well in a manner that is safe and protects the environment is best achieved by this collaboration of skill sets from OneSubsea, Schlumberger, and Helix. We are excited about the possibilities.”

Jack Moore, Cameron chairman and CEO, said the alliance represented a real advance in subsea intervention.

“Bringing together OneSubsea, Helix and Schlumberger capabilities will deliver simpler, more cost effective and more efficient intervention solutions, all through a single, collaborative approach to ensure our clients are benefitting from the technologically advanced solutions the alliance will be able to offer,” said Moore.

Schlumberger CEO Paal Kibsgaard added: “We are now uniquely positioned to drive further integration of our leading technology portfolio, backed by improved reliability and greater efficiency, to create a step-change in performance throughout the E&P value chain.”