Optime Subsea announced Jan. 31 that a transaction with Halliburton had been finalized, resulting in Halliburton now owning 100% of the company.
Optime Subsea's technologies include the Subsea Controls and Intervention Light System (SCILS) and the Remote Operated Controls System (ROCS) for subsea operations.
In the last year alone, ROCS was used by several offshore operators:
- Aker BP commissions ROCS completion systems for latest Norway projects
- Equinor orders ROCS for Irpa subsea well completion ops
- Optime Subsea will collaborate with Equinor, Ithaca on Rosebank Field
In addition, Ole-Ivar Sørensen, technical manager for eSCILS, chatted with Offshore's London-based editor Jeremy Beckman last month about how the wireless intervention and completion systems are designed to eliminate topside power and pump requirements. Moreover, he explained how the battery-powered eSCILS could enable longer-distance step-outs.
Optime Subsea says this acquisition will amplify its impact on the subsea energy sector. Moving forward, Halliburton and Optime Subsea plan to provide a "more robust portfolio of subsea control and intervention solutions."