HOUSTON -- Global energy technology company SLB (NYSE: SLB) announced the signing of a strategic collaboration agreement between PETRONAS Suriname E&P B.V. (“PETRONAS Suriname”), a subsidiary of PETRONAS and Subsea Integration Alliance, comprising SLB OneSubsea and Subsea7. This partnership aims to unlock resources in Suriname’s emerging frontier basin through innovative and cost-effective subsea solutions.

The agreement establishes a long-term framework for collaboration across the project lifecycle. This approach enables early involvement to co-develop and co-create cost-effective solutions, accelerate field development, and enhance project economics.

“Collaboration and simplification are key to unlocking resources faster,” said Mads Hjelmeland, chief executive officer of SLB OneSubsea. “This agreement strengthens our long-standing relationship with PETRONAS Suriname and enables us to align on shared goals to improve project performance, enhance safety, and deliver sustainable outcomes.”

Under this framework, Subsea Integration Alliance may provide full engineering, procurement, construction, installation, and commissioning (EPCIC) solutions for multiple discoveries in Suriname. The scope includes subsea production systems (SPS) as well as subsea umbilical, riser, and flowlines (SURF) components.

Olivier Blaringhem, CEO of Subsea Integration Alliance, said, “This is an exciting and important step for the development of the significant opportunities of PETRONAS Suriname in the country’s frontier basins. The combined deepwater expertise and collaborative, agile approach of Subsea7 and SLB OneSubsea will maximize value as the developments secure vital energy resources in the region.”

Key points

· SLB OneSubsea and Subsea7 have signed a strategic collaboration agreement with PETRONAS Suriname E&P B.V. to accelerate subsea oil and gas developments in Suriname
· The agreement enables early engagement to enhance delivery certainty, improve efficiency, and unlock greater value across the portfolio of PETRONAS Suriname portfolio
· The partnership leverages technology expertise and integrated execution to reduce risk, shorten timelines, and deliver cost-effective subsea solutions