OneSubsea

OneSubsea
Company typePublic
Traded as
NYSE: SLB
S&P 500 component
Fortune 500
IndustryOilfield services & equipment
FoundedNovember 15, 2012
HeadquartersOslo, Norway and Houston, Texas, US
Number of locations
Oslo, Norway
Houston, Texas, US
Bergen, Norway
Celle, Germany
Leeds, England, UK
Aberdeen, Scotland, UK
Barrow-in-Furness, England
Area served
Worldwide
Key people
Mads Hjelmeland, CEO [1]
ProductsIntegrated Solutions[buzzword], Production Systems, Processing Systems, Control Systems, Swivel and Marine Systems, Subsea Services
Revenue$2 Billion USD (2014)[2]
Number of employees
11 000 <[3]
ParentSchlumberger
Websitewww.onesubsea.slb.com

OneSubsea is a SLB company, headquartered in Oslo, Norway and Houston, Texas, United States [4]. The company is a subsea supplier[5] for the subsea oil and gas market.


As of August 2024, the company is the worlds largest in terms of installed subsea christmas trees[6]

History

In November 2012, Cameron International and Schlumberger announced that they were forming a Joint venture called OneSubsea. Cameron would manage OneSubsea with a 60% interest, with Schlumberger retaining 40%.[7][8]

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.[9]

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.[10][11]

In August 2015, OneSubsea was awarded a contract to supply subsea processing systems for Shell's Stones development in the Gulf of Mexico.[12]

Schlumberger announced in August 2015 that it was acquiring Cameron and OneSubsea for $14.8 billion.[13]

In July 2024, it was announced that OneSubsea was awarded the contract to frond-end design an all electric subsea tree project from Equinor called Fram-Sør [14].

Schlumberger announced in August 2022, that OneSubsea was going into a joint venture with AkerSolutions and Subsea7. The ownership of OneSubsea is 70% with Schlumberger, 20% with AkerSolutions and Subsea7 owning the last 10%[15]


See also

  • flagNorway portal
  • Companies portal

References

  1. ^ "Our leadership". OneSubsea. Retrieved 30 Aug 2024.
  2. ^ "Cameron Announces Results For Third Quarter Of 2015". Cameron- SLB investors center. Cameron. Retrieved 30 March 2016.[permanent dead link]
  3. ^ "Our story". Retrieved 30 Aug 2024.
  4. ^ "Contact An Expert". www.onesubsea.slb.com. Retrieved 2024-08-29.
  5. ^ "Statoil signing new agreements with OneSubsea and Aker Solutions". Statoil official website. Retrieved 11 March 2016.
  6. ^ "Our story". www.onesubsea.slb.com. Retrieved 2024-08-30.
  7. ^ Chamberlin, Alex (17 September 2015). "OneSubsea's Importance in the Schlumberger-Cameron International Deal". Yahoo Finance. Yahoo. Retrieved 18 March 2016.
  8. ^ "Cameron, Schlumberger form Subsea JV". Offshore Engineer. November 19, 2012.
  9. ^ "Helix and OneSubsea and Schlumberger Execute Subsea Well Intervention Alliance Agreement". Retrieved 20 September 2023.
  10. ^ "Brief-Subsea 7 and OneSubsea in global alliance". Reuters. 13 July 2015. Retrieved 15 March 2016.
  11. ^ "OneSubsea, Subsea 7 form alliance". OE Offshore Engineer. 13 July 2015. Retrieved 15 March 2016.
  12. ^ "OneSubsea to supply subsea processing systems for Shell's Stones development in Gulf of Mexico". Offshore Technology. August 20, 2015.
  13. ^ "Schlumberger to Buy Cameron in $14.8 Billion Deal". Fox business. 5 January 2016. Retrieved 15 March 2016.
  14. ^ "SLB OneSubsea Awarded Contract by Equinor for Groundbreaking All-Electric Subsea Project | OneSubsea". www.onesubsea.slb.com. Retrieved 2024-08-30.
  15. ^ "Schlumberger, Aker Solutions and Subsea 7 Create Joint Venture | OneSubsea". www.onesubsea.slb.com. Retrieved 2024-08-29.
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