Subsea 7, Technip to Dissolve Asia Pacific Joint Venture

Subsea 7 and Technip have agreed to dissolve their joint venture, Technip Subsea 7 Asia Pacific (TS7), once all its existing projects and tendered work have been completed.

Technip and Subsea 7 worked together on significant projects in the Asia Pacific region for several years. In 2006, TS7 was formed to provide subsea construction services in the region (excluding India and the Middle East).

TS7 has successfully executed a number of major offshore development projects in the Asia Pacific region such as Stybarrow for BHP, Donghae for KNOC, Kikeh for Murphy and Vincent for Woodside.

With the expected continued growth of the deepwater subsea construction market in the region, the parties now wish to pursue separate strategic development opportunities, but this does not exclude working together on a case-by-case basis on future projects.
 

Related Companies
 Company: BHP Billitonmore info


 - BHP To Quit US Shale Business As Annual Profit Surges (Aug 22)
 - 'You Wouldn't Do It': BHP Chair Regrets $20 Billion on Shale (Jun 29)
 - Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
 Company: Woodsidemore info


 - Global LNG: Faltering Supply Prompts Short-Covering Price Rally (Aug 11)
 - Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
 - Energy Titans Get Schooled in Sharing as Billions Seen Blown (May 9)
 Company: Murphy Oil Corporationmore info


 - Murphy Oil CEO: Now is the Time for Deepwater to Come Back (May 2)
 - Pilot Energy Inks Deal to Acquire Murphy's Stake in Permit WA-481-P Off WA (Jul 27)
 - Fire at Mississippi gas plant halts US Gulf Coast platforms (Jun 28)
 Company: Subsea 7more info
 - Subsea 7 Shares Surge On Special Dividend, Q4 Earnings Beat (Mar 2)
 - Subsea 7 Takes Delivery of New Vessels (Feb 2)
 - Report: Oil, Gas Companies in Aberdeen Face Tax 'Bombshell' (Dec 19)
 Company: Technipmore info
 - Bapco To Meet Technip-Led Consortium For Talks On Refinery Expansion (Aug 22)
 - Fluor Wins Malaysia Isononanol Plant Contract (Aug 7)
 - Technip, FMC Technologies Complete Merger (Jan 17)
 Company: KNOCmore info
 - S.Korea's KNOC Says Drops Oil Field Project in Iraq's Sangaw South (Aug 22)
 - S.Korea's KNOC In Talks With Kazakhstan To Drop Oil Field Project (Aug 5)
 - S.Korea to Focus on Exploration as Cuts Overseas Energy Spend (Dec 4)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Product Manager - Valve Business Unit (VBU)
Expertise: Well Servicing & Testing
Location: Houston, TX
 
Field Operator - Frac
Expertise: Field Service Tech|Fracturing
Location: Dickinson, ND
 
Product Manager, Surface Systems - Houston, Tx or Canada
Expertise: Well Servicing & Testing
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
Updated in last 24 hours