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4Subsea Acquired by Subsea 7
ASKER, Norway , Oct. 3, 2019 /PRNewswire/ -- 4Subsea, a leading provider of technology and services to oil & gas and offshore wind operators worldwide, reports the acquisition of their company to Subsea 7. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. 4Subsea's Peter Jenkins will continue in his role as CEO of the company.
4Subsea will support Subsea 7 in delivering advanced digital solutions to their customers within Life of Field and Field Development contracts and be a key contributor to the ongoing digital transformation of Subsea 7 business delivery.
- Stuart Fitzgerald, Executive VP - Alliances and Strategy, Subsea 7
An early priority project will be a joint effort between Subsea 7 and 4Subsea towards monitoring of key operational data on Subsea 7 vessels, contributing to the digitalisation of its marine operations. With the use of advanced algorithms and artificial intelligence, 4Subsea will deliver key insights and decision support with digital twins, in order to optimise these activities.
- Peter Jenkins, CEO, 4Subsea
VP Marketing Berit Lid Scharff I +47-971-39-487 I bls@4subsea.com
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