moho_nord

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.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

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.

See Also:

"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."

"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."

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.