FMC Technologies and Edison Chouest Offshore have formed a joint venture (JV) to provide integrated vessel-based subsea services for offshore oil and gas fields globally.
The new company will be based in Houston, US, and will offer services which include equipment intervention, riserless light well intervention and plug and abandonment, among others.
The JV will utilise subsea technologies, tooling and expertise of FMC Technologies and also the vessel, port logistics and ROV operations of Edison Chouest Offshore.
FMC Technologies senior vice president, Tore Halvorsen, said the company will work with Edison Chouest Offshore to expand their portfolio of subsea services.
"This joint venture will provide integrated subsea solutions to address the growing needs of our customers to increase production and improve field recovery rates," said Halvorsen.
Edison Chouest Offshore vice president of operations, Dino Chouest, said the company will work with FMC Technologies on this new venture.
"Their leadership in the subsea market combined with our expertise in marine transportation will bring new integrated technologies and operations to the development of subsea fields," said Chouest.
The new company intends to initiate, maintain and increase production from subsea field developments, through a broad inventory of vessels, tools and technologies.
Image: The JV will utilise subsea technologies, tooling and expertise of FMC Technologies. Photo courtesy of FMC Technologies.