The companies said in a joint release on Monday that their joint venture, dubbed OneSubsea, had received all required regulatory approvals be operational on 30 June.
Cameron will take a 60% stake in the venture and will contribute its existing subsea division, according to disclosures at the time the deal was announced in November last year.
The Houston-based outfit will also manage OneSubsea, and will consolidate it for financial reporting purposes.
Schlumberger
