The Subsea7-SLB-Aker Solutions offshore tie-up is officially in operation.

Creation of the OneSubsea joint venture — which includes SLB and Aker Solutions’ subsea businesses — closed on Monday, the three companies announced.

“OneSubsea’s extensive technology portfolio and engineering expertise enables us to address future market trends and needs at a unique scale,” said OneSubsea chief executive Mads Hjelmeland.