Aker Solutions, Saipem to Collaborate on Subsea Projects

Oil and gas services companies Aker Solutions and Saipem have agreed to cooperate on targeted subsea oil and gas development projects worldwide.

Aker Solutions will combine its capabilities in subsea products and technologies with Saipem's assets and expertise in engineering, procurement, construction and installation of subsea infrastructures, in order to reduce the development time of upstream investments among their clients and reduce operating costs.

Luis Araujo, chief executive officer at Aker Solutions, commented in a company statement:

"We will team up with Saipem on targeted projects, providing integrated solutions that will enable our clients to make the most of their upstream investments, reduce development time and lower operating costs."

Saipem Chief Executive Officer Stefano Cao said in a Saipem statement:

"Thanks to our cooperation with Aker Solutions our clients will have access to a wealth of complementary capabilities and resources from the earliest phases of the projects. This joint effort will support efficient subsea development."

The companies will engage with clients from the initial concept and design phase of projects and the collaboration will develop and manage all interfaces between subsea production systems and subsea umbilical, riser and flowline systems (SURF) as well as provide services over the lifetime of a field.



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