Promethean Energy and Subsea 7 collaborate on Gulf of Mexico Projects

US-based oil and gas development and production company Promethean Energy and Norway’s Subsea 7 have signed a memorandum of understanding to collaborate on the further development of deepwater Gulf of Mexico oil and gas assets.

According to Aditya Singh, CEO of Promethean, the collaboration 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,” Singh 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,” commented Jeremy Woulds, director of Subsea 7.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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