Innovex International, Inc., a leading provider of products and technologies to the oil and gas industry, has recently signed a strategic Frame Agreement with SLB OneSubsea for the supply of subsea wellhead systems. The agreement aims to establish a standard framework for collaboration, allowing for faster development of future business opportunities. This partnership strengthens the existing relationship between OneSubsea and Dril-Quip, now known as Innovex.
Adam Anderson, the CEO of Innovex, expressed excitement about the agreement, stating that it underscores their commitment to continuously enhance and optimize their product offerings for customers. He highlighted the potential for delivering integrated solutions quickly to meet the evolving needs of the global energy sector. The collaboration is expected to provide enhanced value across the industry.
The announcement has been well-received in the industry, with Oilfield Technology magazine covering the news in their latest issue. The publication includes articles on enhancing offshore safety and risk management, digital technology, drilling, EOR, flow control, predictive maintenance, and production monitoring.
The Master Service Agreement between OneSubsea and Innovex signifies a significant step forward in the companies’ partnership, setting the stage for further innovation and growth in the oil and gas sector. This collaboration is expected to bring about new opportunities and solutions for the industry, demonstrating a commitment to driving progress and delivering value to customers.
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