English 
Francês 
Alemão 
Italiano 
Japonês 
Norueguês 
Portuguese 
Spanish 
3 min of reading 
CADE Gives Green Light for Creation of Independent Oil and Gas Company in Partnership with Industry Firms
The Administrative Council for Economic Defense (CADE) approved without restrictions the formation of a joint venture between Aker Solutions and Schlumberger (SLB), along with Subsea 7. Through this transaction, the companies intend to merge and combine their underwater oil and gas production and processing activities into a new independent entity in exchange for equity stakes.
The oil and gas joint venture will allow the Subsea Integration Alliance (SIA) to provide complementary subsea production systems (SPS) and subsea solutions, umbilicals, risers, and flowlines (SURF) together, addressing the demands of potential oil and gas exploration and production clients. The pre-existing business alliance between SLB and Subsea 7 will be replaced by the new entity.
Equity Stakes and Duration of the Partnership
After the oil and gas partnership closes, Schlumberger will own 70% of the company, while Aker Solutions will hold 20% and Subsea 7, 10%. The duration of the SIA will be 10 years from the closing date of the transaction. It is important to note that the other activities of SLB and Aker Solutions will remain completely independent after the establishment of the new oil and gas company.
-
Petrobras announces new oil discovery in the pre-salt of the Campos Basin and reinforces Brazil’s prominence with high-quality reserves that can increase production and energy revenues.
-
Alert in the fuel market: Analysts and a former director of ANP warn that oil prices may worsen in the coming months due to global instability.
-
Ocyan brings executives and digital solutions to Macaé Energy 2026 and highlights offshore expansion with Nexio and a new base in Macaé.
-
Petrobras advances 4.6% with rising oil prices and the dollar, reigniting the debate on macro risks, pricing policy, and fiscal impact in Brazil.
CADE Analysis and Market Power Mitigation
CADE conducted a detailed analysis of horizontal overlaps and vertical relationships between the activities of oil and gas companies, especially in providing SPS and SURF equipment. Although it identified overlaps in the wet Christmas tree (WCT) market, the antitrust authority found effective competition among the three companies and other market players, mitigating the likelihood of market power exertion by the new company resulting from the transaction.
Regarding the potential effects of vertical and conglomerate integration from the transaction, the analysis conducted did not identify significant competitive risks in the related markets. With CADE’s approval, the creation of the joint venture strengthens the companies’ presence in the oil and gas sector, ensuring a diverse offering of solutions and services for the exploration and production of subsea natural resources.
The Companies Involved in the Agreement
Aker Solutions, SLB (Schlumberger), and Subsea7 are key players in the oil and gas sector, with global operations and expertise in different areas of the industry. Each of them plays a significant role in developing and providing solutions for the exploration, production, and subsea processing of oil and gas.
Aker Solutions:
Aker Solutions is a Norwegian company that provides services and technologies for the oil and gas sector. It specializes in engineering, design, production, and maintenance of subsea systems and offshore equipment. With over 180 years of history, Aker Solutions has extensive experience in the sector and is recognized for its ability to provide innovative and efficient solutions.
SLB (Schlumberger):
Schlumberger is one of the largest oilfield services companies in the world. It operates in various areas of the industry, providing technologies, solutions, and services for oil and gas exploration and production. The company has a global presence and is a leader in exploration and production technology, drilling, field services, and other related activities.
Subsea7:
Subsea7 is an offshore engineering company focused on subsea services. It provides engineering, installation, and maintenance solutions for subsea infrastructures in the oil and gas industry. The company is known for its expertise in complex subsea projects and for delivering comprehensive services to support exploration and production in deep waters.
The partnership among these three companies to create a joint venture is an example of strategic collaboration in the oil and gas sector. By combining their activities and knowledge, they aim to provide more complete and efficient solutions to meet market demands and drive innovation in the industry.
Seja o primeiro a reagir!