Helix, OneSubsea to Build New Intervention Riser System
- Business & Finance
Subsea Services Alliance, the collaboration between OneSubsea and Helix, has announced the first joint technology project between the two companies to engineer and manufacture a 15,000-psi intervention riser system.
According the Subsea Services Alliance, the IRS system is being engineered and built at OneSubsea facilities in Leeds, UK.
Helix President and Chief Executive Officer, Owen Kratz, said: “This new jointly-owned system will allow us to service a wider range of our client’s well stock. It shows that even in a downturn we are able to target new and exciting opportunities.”
OneSubsea Chief Executive Officer, Mike Garding, stated: “By combining the operational expertise of Helix Energy Solutions with OneSubsea’s world class engineering and manufacturing capability, we are creating well access and control packages that will expand today’s operating envelope to deeper and higher temperature environments. The announcement for the 15,000-psi intervention riser system is one of the first steps we are taking on the road to become the pioneers in subsea well intervention.”