A joint venture between Cameron and Schlumberger, OneSubsea manufactures and supplies subsea well intervention equipment and services, including pumps. Helix is a subsea well intervention provider, with the largest fleet size of well intervention vessels, while Schlumberger supplies technology and services to oilfields, including conveyance systems and in-well technologies for subsea applications.
The alliance will provide a fully integrated offering, combining marine support with well access and control technologies. Objectives include the expansion of applications enabled by subsea well-access technology, and specific solutions for deep and ultra-deepwater basins and higher well pressure environments.
Onesubsea says that an important consideration is the evolution in the capabilities of Helix’s vessels to provide well intervention and additional support services such as well commissioning, artificial lift support and abandonment, which are usually performed using drilling rigs.
“This unique alliance will drive optimization in the complete subsea well intervention value chain. Together, we will develop leading technology to reduce operational risk, increase efficiency, improve recovery, and lower the overall cost of subsea well intervention operations for our clients,” said Cameron chairman, president and CEO Jack Moore.
Schlumberger CEO Paal Kibsgaard added: “This alliance reinforces our commitment, along with our OneSubsea joint-venture company partner Cameron, to help our customers improve production and recovery from their subsea developments. We are determined 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.”