Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Aker Buys Scottish Well Control Specialist

change text size

Aker Solutions announced Tuesday that it has agreed to buy a majority stake in Aberdeen-based subsea well control specialist Enovate Systems.

Enovate, which was founded in 2002 and now employs 62 people, has developed a range of patented components and products for use in open water workover systems, in riser workover systems, rigless intervention systems and drilling safety systems. In 2012, it had revenues of approximately $23.6 million (GBP 15 million), with an EBITDA profit of $7.8 million (GBP 5 million).

"Enovate has developed and qualified unique technology for safe and efficient well control. Components from Enovate are also important building blocks for systems within workover and well-intervention services for high pressure and ultra-deep water fields worldwide," Aker Chief Technology Officer Åsmund Bøe commented in a statement.

Aker added that Enovate will continue to be developed as an independent supplier of well control components.


 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Lakes Oil Bags 2 Offshore Exploration ... (Oct 21)
 -  Statoil Finds up to 80M Barrels of Oil... (Oct 21)
 -  Lamprell Completes 2nd Caspian Sea Rig (Oct 21)
 -  Jurong Shipyard Bags MODEC's FPSO Cont... (Oct 20)
 -  Wressle-1 Well Confirms Potential Hydr... (Oct 20)
Most Popular Articles
From the Career Center
Jobs that may interest you
Product Engineer
Expertise: Mechanical Engineering, Project Engineer, Research & Development
Location: Sugar land, TX
 
Electronic Technician
Expertise: Electronics Tech
Location: Woodward, OK
 
Repair and Maintenance Technician (Wellhead)
Expertise: Maintenance Technician
Location: Williston, ND
 
search for more jobs