Proserv Group recently formed a strategic partnership with Houston-based Dril-Quip Inc. that will allow for a bundled offering for subsea customers from the oilfield service providers.
In this exclusive video interview, Proserv Controls CEO Davis Larssen explains the driving factors behind the agreement with Dril-Quip and what it means for the subsea sector.
“The overall market is declining—everybody knows that—so you have to think differently,” Larssen told Hart Energy’s Jessica Morales. “There is a general overcapacity in the broader subsea market. Dril-Quip has taken a very smart step to address that and rather than unnecessarily compete with somebody, partner with somebody.”
Jump to a topic:
- Proserv, Dril-Quip subsea agreement (0:34)
- Driving factors behind the deal (1:19)
- Bundled subsea packages (2:18)
- Current subsea sector trends (3:28)
- Operating during COVID-19 (4:45)
- Path forward for OFS providers (6:15)
- Offshore industry outlook (7:30)
Here’s a quicklist of oil and gas assets on the market including the sale of operated positions in the Permian and Illinois basins by Tamarack Petroleum plus Chevron’s Carter Knox Field asset located in Oklahoma’s Grady and Stephens counties
Here’s a quicklist of oil and gas assets on the market including the sale of Blackbeard Operating’s position in the Western Anadarko Basin of Oklahoma including more than 50,000 net acres, 100% HBP, in legacy fields.
Here’s a quicklist of oil and gas assets on the market including the sale of Maverick Natural Resources properties in Indiana and Kentucky plus South Texas mineral acreage in Dimmit County leased by Freedom Eagleford.