Subsea 7 has acquired 4Subsea, a provider of technology and services that deliver decision support to oil and gas and offshore wind operators
4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team, with Peter Jenkins continuing in his role as chief executive of the company.
4Subsea will support Subsea 7 in delivering advanced digital solutions to customers within life of field and field development contracts and be a key contributor to the ongoing digital transformation of Subsea 7 business delivery.
Subsea 7 executive vice president alliance and strategy Stuart Fitzgerald said, “We regard the acquisition of 4Subsea as an important opportunity for Subsea 7 to expand its digital capability and offering. 4Subsea digital insights will create value for Subsea 7 in both our services provided to customers, and to improve efficiency within our own operations and delivery.
“4Subsea’s experienced team of subsea domain experts and data scientists provide innovative digital solutions to energy operators, reducing operational risk, cost and providing actionable insights.
“We are delighted that the 4Subsea team is now part of our Group, and we look forward to jointly delivering enhanced value to our customers.”
An early priority project will be a joint effort between Subsea 7 and 4Subsea towards monitoring key operational data on Subsea 7 vessels, contributing to the digitalisation of its marine operations.
Using advanced algorithms and artificial intelligence, 4Subsea will deliver insights and decision support with digital twins, in order to optimise these activities.