OneSubsea

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OneSubsea
Company typePublic
NYSESLB
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
Taubate, Brazil
Macae, Brazil,Basra
Iraq
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

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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]

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%[14][better source needed]

In July 2024, it was announced that OneSubsea was awarded the contract to front-end design an all electric subsea tree project from Equinor called Fram-Sør. managed by LD.[15][better source needed]

See also

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References

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