HOUSTON, April 30, 2015 /PRNewswire/ -- Subsea
Services Alliance, the collaboration between Helix Energy Solutions
Group, Inc. (NYSE: HLX), OneSubsea®, a Cameron
(NYSE: CAM) and Schlumberger (NYSE: SLB) company, and
Schlumberger, is pleased to announce the first joint
technology project between OneSubsea and Helix to engineer and
manufacture a 15,000-psi intervention riser system.
This jointly developed technology advances the alliance's
objectives to offer well intervention solutions to service the
increasing number of high-pressure wells in the subsea
environment. The system, which will be available on a rental
basis in mid-2017, is being engineered and built at OneSubsea
facilities in Leeds, UK.
Helix President and Chief Executive Officer, Owen Kratz said, "This new jointly-owned system
will allow us to service a wider range of our client's well
stock. It shows that even in a downturn we are able to target
new and exciting opportunities."
OneSubsea Chief Executive Officer, Mike
Garding stated, "By combining the operational expertise of
Helix Energy Solutions with OneSubsea's world class engineering and
manufacturing capability, we are creating well access and control
packages that will expand today's operating envelope to deeper and
higher temperature environments. The announcement for the
15,000-psi intervention riser system is one of the first steps we
are taking on the road to become the pioneers in subsea well
intervention."
For further information, please visit
www.subseaservicesalliance.com
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 115,000 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 of $48.58 billion in 2014. 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.
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SOURCE Cameron