Subsea 7 said Oct. 3 it has acquired 4Subsea, a leading provider of technology and services that delivers key decision support to oil and gas and offshore wind operators worldwide.
4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. 4Subsea’s Peter Jenkins will continue in his role as CEO of the company.
4Subsea will support Subsea 7 in delivering advanced digital solutions to customers within Life of Field and field development contracts and be a key contributor to the ongoing digital transformation of Subsea 7 business delivery.
“We regard the acquisition of 4Subsea as an important opportunity for Subsea 7 to expand its digital capability and offering. 4Subsea digital insights will create value for Subsea 7 in both our services provided to customers, and to improve efficiency within our own operations and delivery,” Stuart Fitzgerald, executive vice president—Alliances and Strategy, Subsea 7, said.
An early priority project will be a joint effort between Subsea 7 and 4Subsea towards monitoring of key operational data on Subsea 7 vessels, contributing to the digitalization of its marine operations. With the use of advanced algorithms and artificial intelligence, 4Subsea will deliver key insights and decision support with digital twins, in order to optimize these activities.
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