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.”