Norway-based Aker Solutions and French company Total have agreed to partner to help cut costs of subsea field development projects.
The four-year agreement is also aimed at increasing value at subsea oil and gas fields.
As part of the collaboration, the companies plan to explore various issues, including further evolution of subsea processing and compression systems in order to drive cost-efficiency of deepwater gas production.
The partnership will also focus on developing electric subsea controls and optimising flow-measurement technologies.
Aker Solutions chief technology officer Hervé Valla said: "This joint effort reinforces our common interest in finding more effective solutions to maximise value from subsea field developments.
"It allows us to work more closely with Total to solve technical challenges faced by the industry today and to reduce the time needed to bring subsea technology to the market."
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Earlier, Aker Solutions and Total worked on solving specific project challenges and designing solutions to enable developments in the future.
The projects included collaborating on subsea boosting solutions and subsea plant for deepwater application.
Aker Solutions secured a Nkr14bn ($1.62bn) contract with Total in April 2014 to provide a subsea production system for the Kaombo Block 32 development in Angola.
Prior to this in March 2013, the company won contract worth $850m to deliver a subsea production system for Total’s Moho Nord project in Congo.
Image: Aker Solutions and Total’s agreement is aimed at reducing cost of subsea field development projects. Photo: courtesy of Aker Solutions.