OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

OneSubsea, Helix Energy Solutions Group and Schlumberger have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems. 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.

“OneSubsea is very excited to be partnering with Helix, the leader in subsea well intervention, and Schlumberger, the leader in subsurface evaluation and construction technologies,” Cameron Chairman, President and CEO Jack Moore said. Cameron and Schlumberger formed OneSubsea in 2013. “This unique alliance will drive optimization in the complete subsea well intervention value chain. Together, we will develop leading technology to reduce operational risk, increase efficiency, improve recovery, and lower the overall cost of subsea well intervention operations for our clients.”

Upon agreement on the final terms, the alliance will leverage the capabilities of the three  companies to provide an integrated offering, combining marine support with well access and control technologies.

“This alliance reinforces our commitment, along with our OneSubsea joint-venture company partner Cameron, to help our customers improve production and recovery from their subsea developments,” Paal Kibsgaard, Schlumberger CEO, said. “We are determined to drive further integration of our leading technology portfolio, backed by improved reliability and greater efficiency, to create a step-change in performance throughout the E&P value chain.”

“From well construction through production enhancement to decommissioning, this is an opportunity for our companies to work with our clients in realizing significant value creation through a fully integrated and collaborative team effort,” Helix President and CEO Owen Kratz said.