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SLB OneSubsea and Subsea7 Sign Collaboration Agreement with PETRONAS Suriname
Partnership aims to unlock resources in Suriname's emerging frontier basin through innovative and cost-effective subsea solutions.
Apr. 7, 2026 at 8:05pm
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A collaboration between global energy leaders aims to unlock Suriname's offshore resources through advanced subsea technologies.Houston TodayGlobal energy technology company SLB (NYSE: SLB) has 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 unlock significant opportunities for PETRONAS Suriname in the country's frontier basins.
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
A global energy technology company and the parent company of SLB OneSubsea.
SLB OneSubsea
A joint venture backed by SLB, Aker Solutions, and Subsea7 that is driving a new subsea era leveraging digital and technology innovation.
Subsea7
A partner in the Subsea Integration Alliance, providing expertise and an integrated execution approach.
PETRONAS Suriname E&P B.V.
A subsidiary of PETRONAS, the national oil and gas company of Malaysia, that is focused on exploration and production activities in Suriname.
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 partnership is expected to accelerate the development of multiple discoveries in Suriname's frontier basin, with Subsea Integration Alliance providing full EPCIC solutions for subsea production systems and related infrastructure.
The takeaway
This collaboration between SLB, SLB OneSubsea, Subsea7, and PETRONAS Suriname demonstrates the energy industry's focus on leveraging innovative technologies, integrated execution, and strategic partnerships to unlock resources in emerging frontier basins and deliver cost-effective, sustainable energy solutions.
