International services company Schlumberger and Subsea 7 have extended their Subsea Integration Alliance (SIA) for another seven years, the two sides announced Friday.
Created in 2015, the joint venture between the two companies has been awarded contracts for major offshore projects in the Gulf of Mexico and off the coasts of Norway, Australia, Brazil and Africa.
SIA was created to “jointly design, develop and deliver integrated subsea development solutions”, including subsea production systems, umbilicals, risers and flowlines systems.
“Since January 2020, Subsea Integration Alliance has won the majority1 of integrated SPS and SURF projects worldwide,” the joint venture members said.
The member companies said that SIA has successfully combined the capabilities and technologies of Schlumberger OneSubsea with Subsea 7 operational and engineering expertise for offshore projects.
“Driven by the demonstrable benefits to clients of this mode of collaborating, integrated projects are expected to remain a significant component of the subsea market. We look forward to extending our relationship with OneSubsea as we address the opportunities of the offshore energy market,” said Subsea 7 chief executive John Evans.
Abdellah Merad, executive vice president of core services and equipment for Schlumberger, said the SIA had proven to be a “tremendous success”.
“Having been awarded 12 integrated projects and more than 130 early engineering studies around the world, it has helped — and will continue to help — customers achieve maximum value from their subsea developments through industry-leading innovation and expertise,” he said.’