OneSubsea Is Here!

A Cameron and Schlumberger Company.

A Cameron and Schlumberger Company.

OneSubsea is a joint venture to manufacture and develop products, systems and services for the subsea oil and gas market. This new company will offer a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field.

The integration of the production system will be accomplished by combining superior reservoir knowledge and well-bore technologies, with industry leading subsea technologies, all together delivering enhanced productivity, reliability and integrity.

 

Cameron and Schlumberger have a 60/40 ownership of the joint venture.

 

Cameron, with its long history of innovation and firsts in the subsea market, is an industry leader in design capability, manufacturing excellence and successful installations. Schlumberger brings a deep understanding of the reservoir, and industry-leading well completions, subsea processing and integration platform.

Cameron will contribute its existing subsea division and receive $600 million from Schlumberger, and Schlumberger will contribute its Framo, Surveillance, Flow Assurance and Power & Controls businesses. Cameron will manage the joint venture, meaning us as the Lead Supplier in the Cameron business will be directly recruiting into OneSubsea also.

 

http://www.financialpost.com/markets/news/Cameron+Schlumberger+Complete+Subsea+Joint+Venture/8569658/story.html

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