Schlumberger, Subsea 7 to form a JV

Schlumberger (SLB) and Subsea 7 S.A. (SUBC, SUBCY) have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.

Subsea Integration Alliance currently combines the subsurface expertise, subsea production systems (SPS) and subsea processing systems of OneSubsea with the subsea umbilical, riser and flowline systems (SURF) capability of Subsea

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