Aker and DNV in Collaboration Deal

Norwegian oilfield services firms Aker Solutions and DNV GL announced Tuesday that they have signed a deal that will see better technology collaboration, more efficient project execution and cost savings between the two companies.

The agreement covers several business segments, including subsea, umbilicals, engineering and maintenance, modifications and operations (MMO) in Aker's business.

DNV said the agreement will cover services and cooperation "in all the important oil and gas regions", including Norway, UK, USA, Brazil, Malaysia, and that it can be extended to other countries and regions as required. The agreement provides mechanisms for specific joint activities, such as cooperation in front-end engineering and design (FEED) phases and integrated engineering teams (IET). A Web-portal will also be set up to allow for exchange of technical and commercial information.

DNV GL Oil & Gas Chief Executive Elisabeth Tørstad commented in a company statement:

"Finding smart solutions, innovating and streamlining the value chain is critical to address the cost issue in the industry.

"The contract provides a framework for technology cooperation that gives us the opportunity to work closely with one of the leading technology providers and developers in the industry. Our experts and global outreach will support Aker Solutions in achieving its international growth strategy and create unique and cost-effective technologies. So this agreement enables technical experts from both organisations to work closely together and learn from each other."

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