- (PLX AI) - Schlumberger, Aker Solutions and Subsea 7 create Joint Venture.
- • Technologies will include subsea gas compression, all-electric subsea production systems and other electrification capabilities that help customers meet their decarbonization goals
- • Schlumberger will own 70%, with Aker Solutions owning 20% and Subsea 7 owning 10%
- • Schlumberger will issue to Aker Solutions shares of Schlumberger common stock valued at USD 306.5 million in a private placement
- • Subsea 7 will purchase its 10% interest in exchange for USD 306.5 million in cash to Aker Solutions
- • The joint venture also will issue a promissory note to Aker Solutions for USD 87.5 million
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