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OneSubsea

OneSubsea is a multinational and solutions provider for the and gas , established in 2023 as a between SLB (70% ownership), (20%), and Subsea7 (10%). Headquartered in , , and , , the company specializes in delivering integrated subsea production systems, including subsea trees, , and boosting technologies, with a focus on enhancing asset performance, , and reducing CO₂ emissions. It employs over 11,000 subsea-focused professionals worldwide (as of 2024) and maintains the world's largest installed base of subsea trees (as of 2023), alongside more than 5 million operating hours in and boosting systems (as of 2023). The formation of OneSubsea represents a strategic of expertise from its parent companies, which trace their roots to the mid-19th century in , , and innovations for the sector. This heritage has enabled the company to pioneer advancements such as real-time subsea operational data collection, positioning it as a leader in driving the "new subsea era" for production. By integrating the strengths of SLB's and production capabilities, ' engineering prowess, and Subsea7's installation services, OneSubsea aims to unlock access to challenging subsea resources while supporting global and low-carbon initiatives like (CCS). OneSubsea's operations emphasize cost- and carbon-efficient solutions for both new developments and existing subsea fields, including of assets to minimize environmental impact. The company operates globally, delivering projects that span the full lifecycle of subsea systems—from and to installation, operations, and decommissioning—with a commitment to innovation that optimizes performance and lowers the overall footprint of energy production. Under the leadership of CEO Mads Hjelmeland, OneSubsea continues to invest in technologies that address industry challenges, such as deeper-water exploration and emission reductions, solidifying its role as a key player in the transition to more sustainable subsea operations.

Overview

Company profile

OneSubsea is a subsea engineering and technology company specializing in integrated production systems for offshore oil and gas projects. As the world's leading provider of subsea technology and solutions, it focuses on delivering cost- and carbon-efficient systems that connect reservoirs to process facilities, optimizing operations in challenging seabed environments. The company's core mission is to accelerate innovation in subsea solutions that enhance production economics, improve energy efficiency, and reduce CO2 emissions while supporting the transition to sustainable energy. This includes technologies for real-time data collection, electrification of assets, and integration with carbon capture and storage to minimize environmental impact. Operating as a joint venture between SLB, Aker Solutions, and Subsea7, OneSubsea combines expertise to drive these advancements. In the subsea oil and gas market, OneSubsea plays a pivotal role by enabling deepwater developments and making marginal fields economically viable through advanced systems like subsea trees, compression, and boosting technologies. It holds the number one market position in subsea tree installed base, underscoring its dominance in enabling access to resources. The company employs approximately 11,000 subsea-focused professionals worldwide. Its subsea business contributed around $2 billion in revenue in 2024, reflecting its scale in the global industry.

Ownership and structure

OneSubsea operates as a entity incorporated as OneSubsea LLC. The company maintains dual headquarters in , , and , , , to support its global operations and strategic oversight. As of 2023, ownership of OneSubsea is with SLB holding a 70% equity stake, owning 20%, and Subsea7 possessing 10%, following the formation of a multi-party that combined subsea businesses from these entities. This enables shared , with reporting lines extending to the parent companies for strategic alignment and . Detailed public information on board composition is limited, but leadership oversees operations in coordination with the joint venture partners. The ownership evolved from its origins in 2013 as a between (60%) and SLB (40%), focused on subsea production systems. Following SLB's acquisition of Cameron in 2015, OneSubsea integrated fully under SLB ownership. The 2023 restructuring expanded the venture by incorporating ' and Subsea7's subsea capabilities, shifting to the current multi-party model to enhance technological integration and market competitiveness.

History

Formation and early years (2013–2015)

OneSubsea's origins trace back to the complementary legacies of its parent companies in subsea and well technologies. Corporation had pioneered subsea production equipment since the 1960s, including the design and installation of the first subsea in 1961 for a well in 55 feet of water depth. By the , Cameron advanced subsea systems, introducing designs like the STC-10 and STM-15 in the late decade, which enhanced reliability for deeper water completions and supported nearly 1,000 installations globally. , meanwhile, built expertise in well completion technologies starting from its foundational services in the 1920s, evolving through innovations like sonic measurements in the that improved accuracy and equipment placement for reservoir-to-surface connectivity. The was formally announced on June 24, 2013, by Cameron and , establishing OneSubsea as a 60/40-owned entity—Cameron with the majority stake—to specialize in subsea oil and gas and recovery systems. It became operational on June 30, 2013, operating as an independent business unit with dedicated resources for manufacturing, systems integration, and services. The primary objective was to merge Cameron's subsea hardware capabilities, such as and manifolds, with 's reservoir knowledge, wellbore intervention, and optimization services, enabling integrated "pore-to-process" solutions that encompassed everything from inflow to surface processing in a subsea factory concept. In its formative period, OneSubsea rapidly established operational teams and secured initial contracts to demonstrate its integrated approach. A key early milestone was the delivery of subsea multiphase pumping systems for Total's CLOV project offshore , where OneSubsea contributed to the design prior to the and provided the that supported first oil production in June 2014 from the deepwater Block 17 fields. Another representative achievement included the 2013 award for subsea trees for the Shah Deniz Two development in , followed by expanded scope in 2015 for additional production equipment, marking OneSubsea's entry into major gas projects. These efforts laid the groundwork for OneSubsea's focus on boosting recovery rates in challenging subsea environments before the broader industry shifts in 2015.

Integration and expansion (2016–2022)

Following the completion of Schlumberger's acquisition of on April 1, 2016, for $14.8 billion, OneSubsea became fully integrated into Schlumberger's operations, enabling enhanced synergies in subsea production systems and boosting overall focus on integrated subsea solutions. This merger allowed Schlumberger to consolidate its 40% stake in the original OneSubsea with Cameron's 60% ownership, providing full control and accelerating the development of end-to-end subsea technologies amid a challenging market environment. In 2015, OneSubsea expanded its service offerings through the formation of the Subsea Services Alliance with Helix Energy Solutions and , targeting subsea well intervention and life-of-field services to optimize subsea value chains. This leveraged Helix's marine vessel capabilities, OneSubsea's subsea hardware, and Schlumberger's well construction expertise, marking a strategic push into integrated intervention solutions during the period of industry consolidation. Concurrently, OneSubsea pursued growth in deepwater projects, particularly in the and , where demand for advanced subsea systems supported expansion despite volatile oil prices. Key projects underscored this expansion phase. In 2015, OneSubsea secured a to supply subsea boosting and systems for Shell's Stones in the , which achieved first oil in September 2016 at a record water depth of approximately 9,500 feet, demonstrating the company's capability in ultra-deepwater environments. Similarly, in March 2017, BP awarded OneSubsea an for the subsea system at Mad Dog Phase 2 in the , involving high-pressure manifolds and trees to enable from up to 14 wells. In , OneSubsea contributed to developments, including subsea equipment deliveries that supported pre-salt deepwater growth, contributing to the company's annual revenue stabilizing and growing within the $1-2 billion range through efficient project execution. OneSubsea navigated significant challenges from the 2014-2016 oil price downturn, which saw fall to around $26 per barrel in early , prompting industry-wide cost reductions and project delays. The company responded by prioritizing cost-efficient technologies, such as standardized subsea architectures and modular designs, to maintain competitiveness and secure contracts in a low-price . This approach not only sustained operations but also positioned OneSubsea for recovery as oil prices rebounded post-, fostering further integration within Schlumberger's portfolio.

Restructuring into current joint venture (2023–present)

In February 2023, regulatory approvals advanced the previously announced plans for a transformative involving SLB, , and Subsea7, culminating in the final closing on October 2, 2023. This restructuring combined SLB's OneSubsea subsea production and processing technologies with ' subsea systems business and Subsea7's vessels, engineering, construction, and life-of-field services, forming a comprehensive subsea solutions provider under the OneSubsea name. The operates with in , , and , , integrating approximately 11,000 employees across key global regions to streamline operations and accelerate innovation. Ownership is structured with SLB holding a 70% stake, 20%, and Subsea7 10%, enabling shared expertise while leveraging SLB's majority control for strategic direction. This setup positions OneSubsea as a full-spectrum provider, encompassing , , , and ongoing support for subsea infrastructure. Following the closing, OneSubsea secured its first major post-formation contract in June 2024 from Equinor for the front-end engineering and design of a groundbreaking 12-well all-electric subsea production system in the Norwegian North Sea, emphasizing reduced emissions through electrification. Subsequent awards, such as a July 2024 contract from TotalEnergies for subsea production systems on the Kaminho project offshore Angola, further demonstrated operational momentum. In 2025, OneSubsea advanced this trajectory with the EPC contract for the Fram Sør all-electric project from Equinor (awarded August 2025), EPC scopes for two deepwater developments offshore Malaysia from PTTEP (October 2025), a boosting solution for the Ormen Lange gas field (August 2025), and subsea injection systems for the Northern Lights CO2 storage project (June 2025). These developments integrated the workforce's diverse capabilities, with a strong emphasis on advancing electrification technologies and digital tools like AI-driven reservoir modeling to optimize performance. The strategic objectives of the center on enhancing competitiveness in the by delivering low-carbon subsea solutions, including to minimize platform dependency and digitalization for improved efficiency and reduced CO2 emissions across asset lifecycles. This focus aims to unlock marginal fields, shorten development cycles, and support sustainable production in challenging environments.

Operations

Global presence and facilities

OneSubsea maintains dual headquarters to support its global operations: the engineering and technology center in , , , at Strandveien 4, 1366 Lysaker, and the Americas operations hub in Houston, Texas, United States, at 915 North Eldridge Parkway, Houston, TX 77079. The company's key manufacturing and service facilities are strategically located to serve major subsea markets. In , the Tranby facility near specializes in the production of subsea trees and manifolds, leveraging expertise from its heritage. Additional Norwegian sites include a plant in for subsea processing equipment, such as compression frames. In the , the aftermarket facility in Dyce provides maintenance, repair, and overhaul services for subsea equipment including wellheads, flowbases, and trees. For , operations include an office in at Avenida Presidente Wilson, 231, supporting assembly and project execution, complemented by a facility in Paraná for local manufacturing. In the United States, the campus houses labs focused on subsea innovation and testing, and a new 24,000-square-foot facility in , supports expanded manufacturing capabilities. OneSubsea operates in over 20 countries, with major regional hubs in the for European projects, the for North American deepwater developments, for pre-salt fields, and for emerging offshore opportunities. These hubs enable localized support for subsea deployments, drawing on a of approximately 11,000 employees worldwide. Logistical capabilities are enhanced through the Subsea Integration Alliance with Subsea7, which integrates OneSubsea's equipment with Subsea7's vessel fleet for end-to-end engineering, procurement, construction, installation, and commissioning () solutions. The supply chain emphasizes partnerships, such as with for umbilicals and Subsea7 for installation, including localized manufacturing to meet requirements for Brazilian pre-salt projects like those with .

Workforce and leadership

OneSubsea employs approximately 11,000 worldwide following the 2023 joint venture formation, with a primarily composed of engineers, project managers, and field service specialists focused on subsea technologies. The company's emphasizes technical expertise in subsea production systems, supported by diversity and inclusion initiatives that include dedicated workstreams for promoting diverse representation and fostering an inclusive workplace environment. These efforts extend to supporting LGBTQIA+ employees through policies that encourage authenticity and safety in the workplace. Leadership at OneSubsea is headed by CEO Mads Hjelmeland, who assumed the role in 2023 and brings extensive experience from subsea projects at SLB. Key executives include of Sales and Commercial Nunez and of Marketing and Technology John Macleod, drawing from backgrounds in SLB, , and Subsea7 to guide strategic operations. The board provides oversight through representatives from the partners—SLB (70% ownership), (20%), and Subsea7 (10%)—ensuring alignment with partner priorities in subsea innovation and sustainability. OneSubsea prioritizes a culture centered on safety, innovation, and employee development, with health, safety, and environment (HSE) as the top operational focus through caring leadership and comprehensive training programs. These include SLB Safe culture initiatives featuring hands-on simulations, competence-building courses, and technological advancements to enhance worker safety and incident prevention. Post-joint venture integration has presented challenges in harmonizing cultures from the legacy organizations, addressed through targeted programs to build a unified team environment. In , where a significant portion of operations are based, labor relations involve representation for oil service workers, including negotiations that have occasionally led to strikes over wages and conditions. The company supports work-life balance in roles through structured rotations, options where feasible, and employee mechanisms that rate the balance highly in reviews.

Products and Services

Subsea production systems

OneSubsea's subsea systems form the foundational hardware for controlling and managing flow from subsea wells, encompassing a range of configurable components designed for reliability and efficiency. The core product portfolio includes subsea trees, such as horizontal trees, wellhead vertical trees, and tubing head spool vertical trees, which serve as the primary for ; high-integrity that provide structural support and sealing; manifolds that distribute and commingle flows from multiple wells; and advanced systems that enable remote . These elements are built around modular, standardized designs that allow for interchangeable components, facilitating faster assembly and deployment while maintaining compatibility across projects. Technical features of these systems emphasize robustness for extreme conditions, with high-pressure/high-temperature (HP/HT) capabilities supporting pressures up to 20,000 and temperatures ranging from -18°C to +176°C. Subsea trees and manifolds integrate seamlessly with umbilicals for hydraulic, electrical, and chemical delivery, as well as topside systems that provide and automated adjustments for valves, chokes, and other equipment. systems further incorporate all-electric options to eliminate hydraulic dependencies, enhancing reliability in remote operations and offering with existing infrastructure. These integrations ensure safe flow assurance from to surface, with standardized core components reducing complexity and maintenance needs. The systems are engineered for demanding applications, including deepwater environments up to 10,000 feet and harsh offshore conditions like those in the or , where they manage production and injection fluids under ultra-high pressures. Standardization of modular designs has proven effective in reducing lead times by approximately 30% through streamlined manufacturing and pre-qualified components, as demonstrated in capital-efficient projects. For instance, configurable X-trees and manifolds enable quicker mobilization for field developments. Customization options allow tailoring of these systems for specific scenarios, such as subsea tie-backs to existing platforms or comprehensive full-field developments involving multiple wells and extended step-outs. This flexibility supports optimized reservoir recovery while minimizing infrastructure costs, with designs adaptable to integrate boosting solutions for enhanced flow in marginal fields. Early deployments of these standardized systems marked initial milestones in OneSubsea's technology validation.

Boosting and processing solutions

OneSubsea's boosting and solutions enhance subsea flow and enable efficient separation of fluids, allowing operators to maximize from challenging deepwater . These systems include multiphase pumps, compressors, and separators designed to handle raw well streams with high gas volume fractions (GVF) and solids, compensating for pressure losses in long-distance pipelines and reducing the need for extensive topside . By integrating boosting with , these technologies support marginal developments and extend asset life through optimized water management. Key products encompass multiphase pumps for boosting unprocessed flows, wet gas compressors for handling multiphase streams without prior separation, and compact separators for gas-liquid and oil-water separation. Multiphase pumps utilize centrifugal with multiple stages to increase pressure in fluids with GVF up to 100%, while hybrid booster systems combine pumping, , and separation functions, often incorporating water injection capabilities. Separators employ electrostatic and cyclone-based designs for three-phase separation, solids removal, and polishing, enabling reinjection of separated to maintain reservoir pressure. These solutions provide technical capabilities such as production rate increases of up to 20% through subsea multiphase boosting and effective separation for injection, which helps mitigate depletion and extends life. Pumps and compressors are engineered for deepwater environments, tolerating and operating across varied flow regimes, while separation modules reduce fluid footprints by processing heavy oils and emulsions subsea. with broader systems facilitates long-distance tiebacks, minimizing and operational expenditures compared to surface-based alternatives. Innovations in all-electric boosting systems eliminate hydraulic components, reducing emissions by over 50% relative to gas lift or topside and cutting CO2 equivalent emissions by up to 1,015 metric tons per installation through electrified controls and power efficiency. These all-electric designs enhance reliability by avoiding risks and support for optimized performance in remote operations. Such advancements align with goals by lowering use and enabling tiebacks exceeding traditional limits. Notable deployments include the 2014 Total-operated CLOV project offshore , where OneSubsea supplied a subsea pumping station with two helico-axial multiphase pumps rated at 2.3 MW each to boost production from reservoirs. Ongoing projects in Brazilian fields, such as Petrobras' Búzios development in the Basin, incorporate OneSubsea's subsea boosting and raw water injection systems to enhance recovery from ultra-deepwater reservoirs.

Life-of-field services

OneSubsea's life-of-field services encompass a comprehensive scope that includes , commissioning, , and decommissioning of subsea assets, with specialized capabilities in remotely operated vehicle (ROV) interventions and integrity management to ensure long-term operational reliability. These services support clients throughout the asset lifecycle, from and design (FEED) to final abandonment, enabling proactive management of subsea systems to minimize and extend field life. Key offerings integrate Subsea7's vessel capabilities, such as the Seven Waves and flex-lay , for efficient and operations, alongside digital monitoring solutions that utilize sensors and for . This approach allows for continuous asset performance management, production enhancement through interventions and workovers, and secure well abandonment procedures, all designed to optimize recovery and reduce risks. OneSubsea's with Subsea7 enhances these services by providing access to specialized vessels equipped for ROV operations in water depths up to 3,000 meters. The lifecycle strategy emphasizes long-term contracts, often spanning 20 years or more, with a focus on achieving uptime exceeding 98% through integrated monitoring from reservoir to facility. For instance, in the North Sea's mature basin, OneSubsea delivers life-of-field support including installation and commissioning for new tieback developments, as demonstrated in the project offshore , where services cover subsea production systems deployment and ongoing maintenance to enable production from new reserves tied back to existing infrastructure. This model delivers value by enabling cost savings via targeted, modular-style interventions that address specific asset needs without full system overhauls, thereby accelerating and lowering operational expenditures. In October 2025, OneSubsea secured EPC contracts from PTTEP for subsea production systems in Malaysia's Kasawari and fields, highlighting continued global application of these services.

Innovation and Sustainability

Key technological advancements

OneSubsea has pioneered configurable subsea production systems, introduced in 2023, which utilize a standardized platform with modular components to streamline manufacturing and reduce lead times for operators. These systems enable faster customization for specific field requirements while maintaining compatibility across trees and manifolds. A significant advancement lies in the development of all-electric actuators and control systems, which replace traditional hydraulic mechanisms and eliminate the need for supply from host platforms. This shift reduces the risk of fluid releases into the marine environment and minimizes topside modifications for large-scale tiebacks. OneSubsea has engineering teams at its global headquarters in , , and , , focusing on advancing subsea technologies. These centers support innovation in digital solutions. For instance, the company's Subsea Live service employs to monitor equipment health and predict performance, enabling proactive asset management. Key breakthroughs include subsea processing systems featuring gas modules, which enhance recovery from mature fields by boosting low-pressure gas streams directly on the seabed. Notable examples are the multiphase stations deployed at Ormen Lange, capable of handling up to 50-bar across multiple modules. Additionally, advancements in high-pressure/high-temperature (HP/HT) materials have enabled equipment rated for operations exceeding 15,000 and temperatures up to 175°C, as demonstrated in deepwater systems and manifolds. Through strategic collaborations, such as joint industry projects with , OneSubsea conducts qualification testing for emerging technologies like all-electric trees. These partnerships have supported qualification and standardization efforts, accelerating the development of innovations for subsea projects including in the .

Environmental and sustainability efforts

OneSubsea integrates into its core operations, emphasizing and the transition to a low-carbon future as part of its with SLB. The company commits to minimizing environmental impacts through , resource , and waste reduction across its global activities. This approach is guided by a comprehensive health, safety, and environment () management system that sets performance objectives, measures outcomes, and drives continuous improvement in . In climate action, OneSubsea targets a 30% reduction in Scope 1 and 2 by 2025 and 50% by 2030, alongside a 30% reduction in Scope 3 emissions by 2030, culminating in by 2050 with minimal reliance on offsets. These goals support customer decarbonization by optimizing subsea systems to lower operational emissions in the oil and gas . A key example is the Ormen Lange subsea compression project in the , which uses hydroelectric power to halve the field's compared to conventional methods, unlocking an additional 30–50 billion cubic meters of while raising recovery rates from 75% to 85% with reduced carbon emissions. Furthermore, OneSubsea contributes to (CCS) through its (EPC) contract for the phase two expansion offshore , delivering two satellite subsea CO2 injection systems that will increase annual storage capacity from 1.5 million to at least 5 million tonnes, enabling industrial-scale emissions mitigation aligned with Europe's net-zero ambitions. OneSubsea advances circularity in subsea equipment to promote sustainable production, focusing on extending equipment lifecycles and reducing demands. Through refurbishment and reuse programs, such as reconditioning subsea components in collaboration with clients, the company lowers carbon footprints, cuts costs, and shortens lead times for deployments. These efforts ensure more efficient resource use and contribute to a in the offshore industry, minimizing waste and over the full lifecycle of subsea systems.

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