HOUSTON, Jan. 6, 2015 /PRNewswire/ -- Helix Energy
Solutions Group, Inc. (NYSE: HLX), OneSubsea®, a
Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, and
Schlumberger announced today the execution of the definitive
agreements for the companies' non-incorporated alliance, formed to
develop technologies and deliver equipment and services to optimize
the value chain of subsea well intervention systems.
The alliance combines the expertise and capabilities of the
three companies to provide a unique offering, integrating marine
support with well-access equipment and control technologies.
The alliance is focused on increasing the operating envelope of
today's subsea intervention technology, which will offer clients an
integrated approach to achieve simpler and more cost-effective
intervention solutions. Primary objectives include the
expansion of applications enabled by subsea well-access technology,
specific solutions for deep and ultra-deepwater basins and higher
well pressure environments, and the evolution of Helix's vessels to
provide well intervention and additional support services such as
well commissioning, artificial lift support, and abandonment, which
are traditionally performed using drilling rigs.
Helix is a leading subsea well intervention provider, with the
largest fleet size of well intervention vessels, and an unequalled
track record in cost-effective subsea well intervention.
OneSubsea, a preeminent solution provider for subsea well control,
with a global footprint of executed major projects, has significant
experience in the manufacture and supply of subsea well
intervention equipment and services. Schlumberger is the
world's leading supplier of technology and services to the
oilfield, including conveyance systems and in-well technologies for
subsea applications.
Helix President and Chief Executive Officer, Owen Kratz said, "The future for subsea well
intervention and the value creation it brings is still in the early
stages of growth, and the potential for pioneering additional
methods for value creation is significant. I believe that the
challenges for creating the technology and delivering it
efficiently to the well in a manner that is safe and protects the
environment is best achieved by this collaboration of skill sets
from OneSubsea, Schlumberger, and Helix. We are excited about
the possibilities."
Cameron Chairman and Chief Executive Officer, Jack Moore stated, "This alliance represents a
real advance in subsea intervention. Bringing together
OneSubsea, Helix and Schlumberger capabilities will deliver
simpler, more cost effective and more efficient intervention
solutions, all through a single, collaborative approach to ensure
our clients are benefitting from the technologically advanced
solutions the alliance will be able to offer."
Schlumberger CEO Paal Kibsgaard
commented, "We are extremely pleased to complete the well
intervention alliance with OneSubsea and Helix. We are now uniquely
positioned 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."
About Helix
Helix Energy Solutions Group,
headquartered in Houston, Texas, is an international offshore energy
company that provides specialty services to the offshore energy
industry, with a focus on well intervention and robotics
operations. For more information about Helix, visit
www.HelixESG.com.
About OneSubsea
OneSubsea, a Cameron and Schlumberger
Company, offers a step change in reservoir recovery for the subsea
oil and gas industry through integration and optimization of the
entire production system over the life of the field. Cameron, with
its long history of innovation and firsts in the subsea market, is
an industry leader in design capability, manufacturing excellence
and successful installations. Schlumberger brings a deep
understanding of the reservoir, and industry-leading well
completions, subsea processing and integration platform. Through
the integration of these strengths, OneSubsea offers best-in-class
subsea solutions for its customers. For more information,
visit www.onesubsea.com.
About Schlumberger
Schlumberger is the world's
leading supplier of technology, integrated project management and
information solutions to customers working in the oil and gas
industry worldwide. Employing approximately 126,000 people
representing over 140 nationalities and working in more than 85
countries, Schlumberger provides the industry's widest range of
products and services from exploration through
production.
Schlumberger Limited has principal offices in Paris, Houston, London and The
Hague and reported revenues from continuing operations of
$45.27 billion in 2013. For more
information, visit www.slb.com.
This press release includes forward-looking statements regarding
the development and capabilities of the technology, equipment and
services to be provided by the alliance, made in reliance upon the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. The alliance's and companies' actual results may
differ materially from those described in forward-looking
statements. Such statements are based on current expectations
of the alliance's and companies' performance and are subject to a
variety of factors, some of which are not under the control of the
alliance and companies, which can affect the alliance's and
companies' results of operations, liquidity or financial
condition.
Because the information herein is based solely on data currently
available, it is subject to change as a result of changes in
conditions over which the alliance and companies have no control or
influence, and should not therefore be viewed as assurance
regarding the alliance's and companies' future performance.
Additionally, the alliance and companies are not obligated to make
public indication of such changes unless required under applicable
disclosure rules and regulations.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/helix-onesubsea-and-schlumberger-execute-subsea-well-intervention-alliance-agreement-300016180.html
SOURCE Cameron