Investment Summary

Subsea 7 and LiquidPower Specialty Products Invest In Safe Marine Transfer

On July 28, 2021, Subsea 7 and LiquidPower Specialty Products invested in oil/gas exploration company Safe Marine Transfer

Investment Highlights
  • This is Subsea 7’s 1st and LiquidPower Specialty Products’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Subsea 7’s 1st and LiquidPower Specialty Products’ 2nd transaction in the United States.
  • This is Subsea 7’s 1st and LiquidPower Specialty Products’ 2nd transaction in Texas.

Investment Summary
Date 2021-07-28
Target Safe Marine Transfer
Sector Oil/Gas Exploration
Investor(s) Subsea 7
LiquidPower Specialty Products
Deal Type Stake Purchase

Target

Safe Marine Transfer

Houston, Texas, United States
website
Safe Marine Transfer delivers a full-service solution to increase subsea production by alleviating flow restrictions and increasing flow rates in existing subsea production lines, subsea gathering lines, and subsea trunk lines with a focus on safe subsea chemical injection to economically extend deepwater subsea tiebacks. Safe Marine Transfer was founded in 2012 and is based in Houston, Texas.

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Investor(S) 2

Investor

Subsea 7

Luxembourg, Luxembourg

website

Category Company
Founded 1993
Sector Construction
Employees11,869
Revenue 3.5B USD (2020)
DESCRIPTION

Subsea 7 is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. Subsea 7 was founded in 1993 and is headquarters in Luxembourg City, Luxembourg.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Stake Purchase) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 4Subsea

Asker, Norway

4Subsea is a provider of technology and services that help operators maintain production from subsea oil and gas fields and offshore wind farms. By combining expert engineering competence, operational experience, and digitalized decision support, The company ensures the integrity of subsea assets all the way from the reservoir to deck. 4Subsea was formed in 2007 and is based in Asker, Norway.

Buy -
Investor

LiquidPower Specialty Products

Houston, Texas, United States

website

Category Company
Founded 1973
Sector Energy Services and Equipment
DESCRIPTION

LiquidPower Specialty Products, Inc. is a full-service provider of pipeline drag reduction solutions. The company offers the most comprehensive range of drag reducing agent (DRA) products, along with the necessary injection equipment, maintenance, supply, and pipeline DRA optimization services. LiquidPower Specialty Products was formed in 1973 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Stake Purchase) 1 of 1
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Optum Energy Solutions

Houston, Texas, United States

Optum Energy Solutions delivers reliable pipeline drag reduction solutions to ensure efficiency for oil and gas operators. Optum Energy Solutions was formed in 2015 and is based in Houston, Texas.

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