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HOUSTON, July 9, 2015 – OneSubsea®, a Cameron and Schlumberger company, and Chevron U.S.A. Inc. have entered into an agreement to form a joint industry program (JIP) to develop subsea systems technology for 20,000-psi applications.
The JIP, known as the 20Ksi Subsea System Development Program, will address the technical challenges presented by high pressure, high temperature (HPHT) reservoir environments for development of 20,000-psi subsea systems. OneSubsea will lead the JIP by completing a portfolio of technology development projects and managing the evolution of the required enabling technologies in order to address Chevron's high pressure field development challenges, and those of the wider subsea industry.
"OneSubsea uniquely integrates the technology experience and reservoir knowledge that is fundamental to developing reliable, robust and advanced technical solutions required for successfully producing hydrocarbons from challenging HPHT reservoirs," said Mike Garding, OneSubsea Chief Executive Officer. "By collaborating with Chevron, a world-class operator, we can combine expertise to drive the development of economically viable and advanced technology solutions that the subsea industry requires."
OneSubsea, a Cameron and Schlumberger Company, offers a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field. Cameron, with its long history of innovation and firsts in the subsea market, is an industry leader in design capability, manufacturing excellence and successful installations. Schlumberger brings a deep understanding of the reservoir, and industry-leading well completions, subsea processing and integration platform. Through the integration of these strengths, OneSubsea offers best-in-class subsea solutions for its customers. For more information, visit onesubsea.slb.com.