Schlumberger, Subsea 7 Plan to Form Subsea Integration Alliance Joint Venture

Updated 3 years 6 months ago

In addition to resources related to early engagement and tendering, OneSubsea and Subsea 7 will assign their Life of Field businesses to the joint venture. The JV will be owned 50% by Subsea 7 and 50% by Schlumberger. Customers will remain free to purchase products and services from any manufacturer and vendor, including Schlumberger and Subsea 7. Subsea Integration Alliance currently combines the subsurface expertise, subsea production systems (SPS) and subsea processing systems of OneSubsea with the subsea umbilical, riser and flowline systems (SURF) capability of Subsea 7. Both parties expect to account for their investments in the joint venture under the equity method of accounting.


Subsea Integration Alliance currently combines the subsurface expertise, subsea production systems (SPS) and subsea processing systems of OneSubsea with the subsea umbilical, riser and flowline systems (SURF) capability of Subsea 7. Both parties expect to account for their investments in the joint venture under the equity method of accounting.

Jean Cahuzac, Subsea 7 CEO, said: “This joint venture will build on the success of Subsea Integration Alliance to provide our clients with the best solutions and services on an integrated basis. We are looking forward to strengthening our collaboration with Schlumberger and extending our range of innovative solutions and technologies to drive industry progress.” 

Olivier Le Peuch, President, Cameron Group, Schlumberger, commented: “Subsea Integration Alliance has already provided our customers with industry leading innovation and value. The proposed joint venture will give us the opportunity to capitalize on the synergies already established and significantly improve subsea economics over the lifetime of the field.”

Schlumberger Cameron President

Subsea Integration Alliance has already provided our customers with industry leading innovation and value. The proposed joint venture will give us the opportunity to capitalize on the synergies already established and significantly improve subsea economics over the lifetime of the field.

Subsea 7 CEO

This joint venture will build on the success of Subsea Integration Alliance to provide our clients with the best solutions and services on an integrated basis. We are looking forward to strengthening our collaboration with Schlumberger and extending our range of innovative solutions and technologies to drive industry progress.