Aker Solutions and Saipem are to cooperate on targeted subsea oil and gas development projects worldwide.
The companies will, through a joint work, group identify opportunities where they can create value for customers by combining Aker Solutions' capabilities in subsea products and technologies with Saipem's assets and expertise in engineering, procurement, construction and installation of subsea infrastructures.
The tie-up is the latest in a string of alliances and joint ventures announced this year, including io oil & gas, launched by GE Oil & Gas and McDermott International, Xodus, Chiyoda and Saipem's joint venture Xodus Subsea, FMC Technologies' and Technip's joint venture Forsys Subsea, an alliance between OneSubsea and Subsea 7.
"We will team up with Saipem on targeted projects, providing integrated solutions that will enable our clients to make the most of their upstream investments, reduce development time and lower operating costs," said Luis Araujo, CEO Aker Solutions.
The companies will engage with clients from the initial concept and design phase to promote total system engineering, providing the best solutions for construction, operations and maintenance. The collaboration will develop and manage all interfaces between subsea production systems and subsea umbilical, riser and flowline systems (SURF) as well as provide services over the lifetime of a field.
"Thanks to our cooperation with Aker Solutions our clients will have access to a wealth of complementary capabilities and resources from the earliest phases of the projects," said Saipem CEO Stefano Cao. "This joint effort will support efficient subsea development."
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