Oil sector has another important deal, Subsea 7 buys 4Subsea

4Subsea announcement made last Thursday (03/10) shows the oil sector recovering and with good prospects for companies

The oil and gas sector is still busy, 4Subsea announced on October 03rd that it was acquired by Subsea 7 in its entirety. In a statement, the company said that 4Subsea will operate autonomously from Subsea 7, maintaining its brand and an independent management team, the values ​​of the business were not disclosed. Brasileira Tech-Insp is also expanding its business!

The objective of the business between the companies is to allow the improvement and expansion of 4Subsea's know-how, technology and services for a worldwide market. It was also reported that Peter Jenkins of 4Subsea will remain as CEO of the company.
4Subsea will support Subsea 7 in providing advanced digital solutions to its customers in Life of Field and Field Development contracts and will be a key contributor to the ongoing digital transformation of Subsea 7's business delivery.

An initial priority project will be a joint effort between Subsea 7 and the 4 Subsea in order to monitor the main operational data of Subsea 7 ships, contributing to the digitization of its maritime operations. In Brazil, the company maintains four PLSVs in operation contracted by Petrobras: Seven Cruzeiro, Seven Rio, Seven Sun and Seven Waves.

Subsea 7 is a global leader in delivering offshore projects and services for the evolving energy sector. The company is registered in Luxembourg with headquarters in London, UK. Subsea7 has been operating for five decades, successfully completing over 1000 projects.

4Subsea was founded in 2007 and is a leading provider of technology and services that help operators maintain production in subsea oil and gas fields and offshore wind farms. By combining specialist engineering expertise, hands-on experience and a digital service, it ensures the integrity of subsea assets, from reservoir to deck.

4Subsea has offices in Asker, Bergen and Kristiansand in Norway, Aberdeen in the UK, Macaé and Rio de Janeiro in Brazil.

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