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M&A Deal Summary

Schlumberger and Cameron Acquire OneSubsea

On June 24, 2013, Schlumberger and Cameron acquired oil/gas exploration company OneSubsea

Acquisition Highlights
  • This is Schlumberger’s 4th and Cameron’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Schlumberger’s 12th and Cameron’s 7th transaction in the United States.
  • This is Schlumberger’s 7th and Cameron’s 4th transaction in Texas.

M&A Deal Summary
Date 2013-06-24
Target OneSubsea
Sector Oil/Gas Exploration
Buyer(s) Schlumberger
Cameron
Deal Type Joint Venture

Target

OneSubsea

Houston, Texas, United States
OneSubsea delivers integrated solutions, products, systems and services for the subsea oil and gas market. Our company offers a step change in reservoir recovery for the subsea oil and gas industry through integration and optimization of the entire production system over the life of the field.

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Buyer(S) 2

Buyer

Schlumberger

Houston, Texas, United States
Category Company
Founded 1926
Sector Energy Services and Equipment
Employees111,000
Revenue 36.3B USD (2024)
DESCRIPTION
Schlumberger office in Houston, Texas.
Schlumberger office in Houston, Texas.

Schlumberger is an oilfield services company. Schlumberger offers technology, integrated project management and information solutions to customers working in the oil and gas industry. Schlumberger was formed in 1926 and is based in Houston, Texas.

DEAL STATS #
Overall 33 of 48
Sector: Oil/Gas Exploration M&A 4 of 4
Type: Joint Venture M&A Deals 3 of 3
State: Texas M&A 7 of 10
Country: United States M&A 12 of 18
Year: 2013 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-18 Gushor

Calgary, Alberta, Canada

Gushor Inc., a Canadian-based petroleum geochemistry and fluid analysis company that provides innovative production and exploration solutions in the heavy oil and oil sand (HOOS) industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-01 Shores Lift Solutions

Edmond, Oklahoma, United States

Shores Lift Solutions is a provider of pump jacks and sucker rods to oil and gas producers. The company designs its pump jacks and sells the units through a network of installation and service providers in the United States.

Buy -
Buyer

Cameron

Houston, Texas, United States
Category Company
Founded 1833
Sector Energy Services and Equipment
Revenue 10.4B USD (2014)
DESCRIPTION
Cameron office in Houston, Texas.
Cameron office in Houston, Texas.

Cameron is a global provider of pressure control, flow equipment, and processing systems for the oil, gas, and industrial sectors. Originally founded as Cameron Iron Works the firm has built a reputation for its wellhead systems, blowout preventers, valves, and processing equipment. Cameron was formed in 1833 and is based in Houston, Texas.

DEAL STATS #
Overall 13 of 14
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: Texas M&A 4 of 4
Country: United States M&A 7 of 7
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 ICI Artificial Lift

Edmonton, Alberta, Canada

ICI Artificial Lift is an Edmonton based company that designs, manufactures, services and sells its patented line of Hydraulic Pumping Units for artificial lift.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Douglas Chero

Piacenza, Italy

Douglas, based in Carpaneto Piacentino, Italy, is a leading global designer, engineer and manufacturer of forged steel valves and piping equipment.

Buy -
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