OneSubsea

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
NYSE: SLB
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, Production Systems, Processing Systems, Control Systems, Swivel and Marine Systems, Subsea Services
Revenue$2 Billion USD (2014)[2]
ParentSchlumberger

History

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

References
  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.
  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.
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