OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

8/11/2014

OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

HOUSTON -- OneSubsea, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they 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.

Upon agreement on the final terms of the alliance definitive agreement, the alliance will leverage the capabilities of Helix, OneSubsea and Schlumberger, to provide a fully integrated offering, combining marine support with well access and control technologies.  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.

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