SLB Signs Strategic Collaboration Agreement with PETRONAS
SLB announced the signing of a strategic collaboration agreement between PETRONAS Suriname E&P B.V., a subsidiary of PETRONAS and Subsea Integration Alliance, comprising SLB OneSubsea and Subsea7. This partnership aims to unlock resources in Suriname's emerging frontier basin through innovative and cost-effective subsea solutions. The agreement establishes a long-term framework for collaboration across the project lifecycle. This approach enables early involvement to co-develop and co-create cost-effective solutions, accelerate field development, and enhance project economics. "Collaboration and simplification are key to unlocking resources faster," said Mads Hjelmeland, chief executive officer of SLB OneSubsea. "This agreement strengthens our long-standing relationship with PETRONAS Suriname and enables us to align on shared goals to improve project performance, enhance safety, and deliver sustainable outcomes."