4Subsea has acquired Astori, a Norwegian firm that focuses on delivering subsea control systems for well intervention operations.
The acquisition will enable 4Subsea to leverage Astori’s automation and control technology and bolster its position as an independent vendor assisting offshore operators in optimising operations. Financial terms of the acquisition were not divulged.
Go deeper with GlobalData
4Subsea CEO Peter Jenkins said: “With this acquisition we are building upon our strategy of delivering leading-edge monitoring and maintenance services that provide significant business value to operators, all the way from the reservoir to deck.
“We are pleased to have the excellent team of experts from Astori join us in developing innovative solutions to the industry going forward.”
4Subsea also plans to explore opportunities for further digitising subsea control modules. According to the company, such investigations into opportunities led to the development of digital twins for subsea production and drilling. The process procures sensor data and uses advanced algorithms and machine learning to predict maintenance requirements and facilitate decision making.
Jenkins added: “Our digital services help operators ‘know it before it happens’ so that they can act accordingly and perform minor repairs and maintenance, without risking replacing expensive equipment or production shutdown.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn January 2019, the company partnered with Ashtead to distribute sensor technology to the global oil and gas industry.
