SLB OneSubsea and Subsea7 Sign Collaboration Agreement with PETRONAS Suriname

Partnership enables early engagement to co-develop cost-effective solutions and accelerate subsea development in Suriname

Apr. 7, 2026 at 10:30pm

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A highly polished, geometric metal sculpture representing an abstract oil and gas subsea production system, arranged elegantly on a clean, monochromatic grey background with dramatic studio lighting and deep shadows, conceptually illustrating the innovative subsea technologies being developed through this collaboration.A new strategic collaboration between global energy leaders aims to unlock resources in Suriname's frontier basin through innovative subsea solutions.Houston Today

Global energy technology company SLB (NYSE: SLB) announced the signing of a strategic collaboration agreement between PETRONAS Suriname E&P B.V. ('PETRONAS Suriname'), 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.

Why it matters

The agreement establishes a long-term framework for collaboration across the project lifecycle, enabling early involvement to co-develop and co-create cost-effective solutions, accelerate field development, and enhance project economics. This collaboration is expected to help unlock resources faster in Suriname's emerging frontier basin.

The details

Under this framework, Subsea Integration Alliance may provide full engineering, procurement, construction, installation, and commissioning (EPCIC) solutions for multiple discoveries in Suriname. The scope includes subsea production systems (SPS) as well as subsea umbilical, riser, and flowlines (SURF) components.

  • The agreement was signed on April 7, 2026.

The players

SLB OneSubsea

A subsidiary of global energy technology company SLB, which is partnering with Subsea7 on this collaboration agreement.

Subsea7

A partner in the Subsea Integration Alliance, which is collaborating with SLB OneSubsea and PETRONAS Suriname on this agreement.

PETRONAS Suriname E&P B.V.

A subsidiary of PETRONAS, the national oil and gas company of Malaysia, which is entering into this collaboration agreement.

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What they’re saying

“Collaboration and simplification are key to unlocking resources faster. 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.”

— Mads Hjelmeland, Chief Executive Officer of SLB OneSubsea

“This is an exciting and important step for the development of the significant opportunities of PETRONAS Suriname in the country's frontier basins. The combined deepwater expertise and collaborative, agile approach of Subsea7 and SLB OneSubsea will maximize value as the developments secure vital energy resources in the region.”

— Olivier Blaringhem, CEO of Subsea Integration Alliance

What’s next

The collaboration agreement establishes a long-term framework for SLB OneSubsea and Subsea7 to work with PETRONAS Suriname on multiple subsea development projects in the country's emerging frontier basin.

The takeaway

This strategic collaboration between global energy technology leaders and PETRONAS Suriname is expected to unlock resources in Suriname's frontier basin more efficiently through innovative, cost-effective subsea solutions and a collaborative approach across the project lifecycle.