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OneSubsea

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OneSubsea
Company typePublic
NYSE: SLB
S&P 500 component
Fortune 500
IndustryOilfield services & equipment
Founded2013
HeadquartersHouston, Texas, US
Number of locations
Houston, Texas, US
Bergen, Norway
Celle, Germany
Leeds, England, UK
Aberdeen, Scotland, UK
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
Websiteonesubsea.slb.com

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 has more than 5,000 employees in over 23 countries operating in six divisions—Integrated Solutions, Production Systems, Processing Systems, Control Systems, Swivel and Marine Systems, and Subsea Services—that provide products and services to oil and gas operators around the world including the FRIEND Remote Surveillance & Diagnostic System.[4][5]

History

The integration of Cameron subsea section and Schlumberger-owned Framo Engineering in 2013 formed Onesubsea as a 60% Cameron and 40% Schlumberger joint venture. This cooperation, finally led to major acquisition of Cameron and OneSubsea in a $14.8 billion deal in late 2015.[6][7][8]

Shell Stones

In August 2015, it was announced that OneSubsea was awarded a contract to supply subsea processing systems for the Shell Offshore Inc. Stones development in the Gulf of Mexico. The project was deemed the industry's first 15000-PSI (super high pressure) subsea pump system with high capacity.[9][10][11]

Business alliance

  • 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.[12]
  • In July 2015, Subsea7 and OneSubsea jointly announced a global alliance to design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems, subsea processing systems, subsea umbilicals, risers and flowlines systems (SURF) and life-of-field services. This was considered as a move against rivals FMC and also GE oil and gas that lately formed major alliance with other subsea companies.[13][14][15]

See also

References

  1. ^ "Mike Garding Chief Executive Officer". OneSubsea. 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. ^ "About OneSubsea". Retrieved 11 March 2016.
  5. ^ Fiber (2016-06-23). "OneSubsea to Utilize Fiber Optic Communication in West Nile Delta Project". Fiber Optic Social Network. Retrieved 2020-04-30.
  6. ^ "Schlumberger to Buy Cameron in $14.8 Billion Deal". Fox business. Retrieved 15 March 2016.
  7. ^ "OneSubsea's Importance in the Schlumberger-Cameron International Deal". Market Realist. Retrieved 16 March 2016.
  8. ^ Chamberlin, Alex. "OneSubsea's Importance in the Schlumberger-Cameron International Deal". Yahoo Finance. Yahoo. Retrieved 18 March 2016.
  9. ^ "OneSubsea to Supply Industry's First 15,000-PSI Subsea Pump System". GCE Subsea. Retrieved 15 March 2016.
  10. ^ "Capacity is the biggest challenge". Underwater Technology Conference. Retrieved 15 March 2016.
  11. ^ "OneSubsea awarded contract for Shell Offshore development". Energy Global Oilfield Technology. Retrieved 15 March 2016.
  12. ^ "Company Bio- OneSubsea". Oil PRO. Retrieved 15 March 2016.
  13. ^ "Brief-Subsea 7 and OneSubsea in global alliance". Reuters. Retrieved 15 March 2016.
  14. ^ "Subsea 7 teams up with OneSubsea for SPS and SURF solutions". Offshore Energy Today. Retrieved 15 March 2016.
  15. ^ "OneSubsea, Subsea 7 form alliance". OE Offshore Engineer. Retrieved 15 March 2016.
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