Promethean and Subsea 7 have executed of a memorandum of understanding allowing the organizations to collaborate on the further development of deepwater Gulf of Mexico oil and gas assets.
Aditya Singh, CEO of Promethean said, “The MOU with Subsea 7 allows Promethean to execute on its strategy of integrating leading edge practices and technologies to unlock value across the Development & Production (D&P) lifecycle. The company is collaborating with industry leaders in key D&P strategic areas and Subsea 7 brings to Promethean a wealth of expertise in subsea developments.”
Jeremy Woulds, director of Subsea 7 said, “The opportunity to collaborate with Promethean is important to Subsea 7 as it affords us the ability to deliver considerable value at an early stage in field enhancements and extensions of deepwater assets and tie-back of step-out growth opportunities in the Gulf of Mexico, a province where the company has much experience.”