TECHNOLOGY company ABB will team with Aker Solutions to develop their strengths in subsea power and automation technologies, the companies have said.
Initial focus areas will include developing better subsea compression systems at lower costs and in less time, ABB said in an announcement.
The collaboration will target opportunities globally, building on the companies’ presence in oil and gas markets worldwide. It will be headquartered in Oslo, Norway.
The cooperation is an outcome of several years of joint work that includes landmark developments such as the delivery of the world’s first subsea compression system for the Statoil-operated Åsgard field offshore Norway in 2015.
Bringing together ABB’s subsea power and automation capacity and Aker Solutions’ subsea capabilities, the companies aim to enhance how production equipment on the seaf loor is powered and controlled, enabling economically viable production at fields far from existing infrastructure.
ABB process automation division president Peter Terwiesch said power and automation were crucial to improving the effectiveness of compression, boosting and other solutions for increasing oil and gas recovery.
“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,” he said.
Aker Solutions subsea business head Alan Brunnen said the partnership built on the companies’ existing relationship.
“Together we will 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,” he said.