Subsea 7, Promethean Energy enter Gulf of Mexico pact

One of Subsea 7's vessels; Source: Subsea 7

Promethean Energy Corporation and Subsea 7 have executed a memorandum of understanding (MoU) for collaboration on the further development of deepwater Gulf of Mexico oil and gas assets.

Promethean said on Tuesday that the MoU with Subsea 7 allowed the company to execute its strategy of integrating leading-edge practices and technologies to unlock value across the development and production (D&P) lifecycle.

Aditya Singh, CEO of Promethean, said: “The company is collaborating with industry leaders in key D&P strategic areas and Subsea 7 brings to Promethean a wealth of expertise in subsea developments.”

Jeremy Woulds, Director of Subsea 7 added: “The opportunity to collaborate with Promethean is important to Subsea 7 as it affords us the ability to deliver considerable value at an early stage in field enhancements and extensions of deepwater assets and tie-back of step-out growth opportunities in the Gulf of Mexico, a province where the company has much experience.”

Promethean Energy Corp. is a D&P company focused on producing fields with development upside. The company seeks to enhance reserves and increase production through data, technology, innovation, and integration.

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply