Aker Solutions, ABB Team Up To Develop Subsea Production

Aker Solutions and ABB have agreed to team up to develop solutions that will “improve oil and gas production for the global energy industry,” according to a statement from Aker.

The cooperation will integrate Aker Solutions' subsea capabilities and ABB's subsea power and automation system expertise in a bid to bring customers more effective, reliable and flexible oil and gas production solutions. This partnership aims to enhance how production equipment on the seafloor is powered and controlled by applications onshore or on platforms, lowering costs and enabling economically viable production at fields far offshore from existing infrastructure in the process.

"This partnership builds on a relationship with ABB that already has a proven track record of developing groundbreaking subsea technology," said Alan Brunnen, head of Aker Solutions' subsea business, in a company statement.

"Together we will now further hone our focus on developing technologies for greater and more sustainable hydrocarbon recovery and help customers reduce costs by making existing subsea solutions more effective."

Peter Terwiesch, president of ABB's process automation division, said in an ABB release:

"Power and automation are crucial to improving the effectiveness of compression, boosting and other solutions for increasing oil and gas recovery from subsea fields. This collaboration is part of our Next Level Strategy to engage in value-adding partnerships and will bring together the expertise and technology needed to help better serve customers and strengthen our subsea power and automation solutions."

The cooperation follows several years of joint work that includes developments such as the 2015 delivery of the world's first subsea compression system for the Statoil-operated Åsgard field offshore Norway.

The collaboration will target opportunities globally, building on the companies' presence in major oil and gas markets to meet customer needs worldwide. It will be headquartered in Oslo, Norway.



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