OneSubsea, Helix and Schlumberger to Form Subsea Well Intervention Alliance
Helix is a leading subsea well intervention provider, with the largest fleet size of well intervention vessels, and an unequalled track record in cost-effective subsea well intervention. OneSubsea, a preeminent solution provider for subsea well control, with a global footprint of executed major projects, has significant experience in the manufacture and supply of subsea well intervention equipment and services. Schlumberger is the world's leading supplier of technology and services to the oilfield, including conveyance systems and in-well technologies for subsea applications.
Upon agreement on the final terms of the alliance definitive agreement, the alliance will leverage the capabilities of Helix, OneSubsea and Schlumberger, to provide a unique, fully integrated offering, combining marine support with well access and control technologies. The alliance will focus on several objectives aimed at increasing the operating envelope of today’s subsea intervention technology. These 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. 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.
Helix President and Chief Executive Officer,
Cameron Chairman, President and Chief Executive Officer,
About OneSubsea
OneSubsea, a
About Helix
About Schlumberger
Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing approximately 126,000 people representing over 140 nationalities and working in more than 85 countries, Schlumberger provides the industry's widest range of products and services from exploration through production.
This press release includes forward-looking statements regarding the alliance and the companies, made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The alliance and companies’ actual results may differ materially from those described in forward-looking statements. Such statements are based on current expectations of the alliance and companies’ performance and are subject to a variety of factors, some of which are not under the control of the alliance and companies, which can affect the alliance and companies’ results of operations, liquidity or financial condition.
Because the information herein is based solely on data currently available, it is subject to change as a result of changes in conditions over which the alliance and companies have no control or influence, and should not therefore be viewed as assurance regarding the alliance and companies’ future performance. Additionally, the alliance and companies are not obligated to make public indication of such changes unless required under applicable disclosure rules and regulations.
Source: Schlumberger
Investors
Jeff Altamari
Vice President, Investor Relations
Cameron International Corp.
Tel: +1 713 513 3344
jeff.altamari@c-a-m.com
Terrence Jamerson
Director, Finance & Investor Relations
Helix Energy Solutions Group, Inc.
Tel: +1 281 618 0400
tjamerson@helixesg.com
Simon Farrant
Vice President of Investor Relations
Schlumberger Limited
Tel: +1 713 375 3535
investor-relations@slb.com
Media
Eileen Curling
Director of Marketing
OneSubsea
Tel: +1 713 939 2839
eileen.curling@onesubsea.com
Terrence Jamerson
Director, Finance & Investor Relations
Helix Energy Solutions Group, Inc.
Tel: +1 281 618 0400
tjamerson@helixesg.com
Joao Felix
Director of External Communications
Schlumberger Limited
Tel: + 1 713 375 3494
jpfelix@slb.com