SLB and Petronas Suriname Sign Agreement for Subsea Solutions in Frontier Basin

SLB and Petronas Suriname have entered into an agreement to collaborate on unlocking resources in Suriname's emerging frontier basin. The partnership, involving Subsea Integration Alliance (comprising SLB OneSubsea and Subsea7), establishes a long-term framework for cooperation across the project lifecycle. This approach allows for early involvement to co-develop and co-create cost-effective subsea solutions, aiming to accelerate field development and enhance project economics. Under this framework, Subsea Integration Alliance may provide full EPCIC solutions for multiple discoveries, including subsea production systems and SURF components.

Counterparts (5)

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Subsea7

company

Subsea7 is a global leader in subsea engineering, construction, and services for the offshore energy industry, generating approximately $5.5 billion in annual revenue. The company operates a large fleet of specialized vessels across key regions including the North Sea, Brazil, and Gulf of Mexico, supporting both traditional oil & gas and emerging offshore wind projects.

SLB

company · 1 deals

SLB is a global technology company that drives energy innovation for a balanced planet. They focus on accelerating decarbonization and innovating across the entire energy landscape with science, engineering, and digital expertise.

Subsea Integration Alliance

company

Global subsea alliance formed in 2015 by SLB OneSubsea and Subsea7, delivering fully integrated subsea projects worldwide with end-to-end EPCI solutions and life-of-field services for oil and gas field development.

SLB OneSubsea

company

OneSubsea, a subsidiary of SLB, is a provider of integrated solutions, products, systems and services for the subsea oil and gas market. They focus on enhancing production, reducing costs, and improving project economics throughout the life of field.

Petronas Suriname

company

Paramaribo-based Staatsolie is Suriname's national energy company involved in oil and gas exploration, production, refining, and marketing, as well as electricity generation. It operates onshore oil fields and a refinery, producing fuel oil, diesel, gasoline, and bitumen, and generates 75% of Suriname's power through thermal and hydroelectric facilities.