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Mar 12 2018

Schlumberger’s New Joint Venture

Schlumberger announced recently that it plans to offer improved deepwater service integration via a joint venture with Subsea 7. A “subsea integration alliance” was previously formed between Schlumberger and Subsea 7 in 2015, and this latest venture will provide fully-integrated services and excellent improvements.

One-Stop-Shop for Offshore Oil & Gas

The joint venture is expected to operate primarily in Houston. Schlumberger, which operates out of Houston, Port of Houston, and surrounding areas, expects to become “a one-stop-shop for offshore oil and gas producers worldwide,” according to the Houston Chronicle.

Subsea 7 CEO Jean Cahuzac told the Houston Chronicle that the 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.”

Learn More About Houston Oil & Gas Ventures

Read more here about local oil and gas joint ventures:

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