Cameron – Schlumberger JV Shifts Subsea Currents
Cameron and Schlumberger announced this morning the formation of OneSubsea, a 60/40 joint venture partnership that will focus on manufacturing and developing subsea products and services worldwide. Cameron will contribute its existing subsea division and receive $600 million from Schlumberger. It will also act as operator. For its part, Schlumberger will contribute its Framo, Surveillance, …
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