ABB and Aker Solutions announced today an agreement to build on their combined strengths in subsea, power and automation technologies to develop solutions that will improve oil and gas production for the global energy industry.
The cooperation aims to combine their subsea technology and solutions to bring customers more effective, reliable and flexible oil and gas production solutions. According to the companies, this will enhance how production equipment on the seafloor is powered and controlled by applications on shore or platforms, lowering costs and enabling economically viable production.
“Power and automation are crucial to improving the effectiveness of compression, boosting and other solutions for increasing oil and gas recovery from subsea fields,” said Peter Terwiesch, President of ABB’s Process Automation Division.
“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,” added Alan Brunnen, head of Aker Solutions’ subsea business.
The initial focus will be the development of better subsea compression systems at lower costs and in less time, according to the companies. The collaboration will also target opportunities globally in order to increase their presence in oil and gas markets worldwide.