Norway-based Aker Solutions and Swiss company ABB are set to collaborate to help improve industrial efficiency in subsea oil and gas production worldwide.
The companies will combine their strengths in subsea, power, and automation technologies to help the energy industry cut costs.
As part of the cooperation, Aker Solutions’ subsea capabilities will be integrated with ABB’s subsea power and automation system experience to bring customers flexible oil and gas production solutions.
The collaboration is also aimed at improving the way production equipment on the seafloor is powered and controlled by applications on shore or platforms.
This will help reduce costs and enable economically viable production at fields that are far offshore from existing infrastructure.
Aker Solutions subsea business head Alan Brunnen said: "This partnership builds on a relationship with ABB that already has a proven track record of developing groundbreaking subsea technology."
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"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."
ABB process automation division president Peter Terwiesch said: "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 joint venture will be based in Oslo, Norway.
Image: The collaboration helps to reduce costs at fields far offshore from existing infrastructure. Photo: courtesy of Aker Solutions.