Technology company ABB said it will support Norwegian oil and gas producer OKEA in an effort to achieve productivity gains using agile and dynamic business models, looking at areas such as autonomous operations, digital solutions and advanced services.
According to ABB, a new memorandum of understanding (MOU) agreement between the two firms is indicative of the two companies' collaboration and desire to further develop their partnership in relation to digitalization initiatives, most recently set out on OKEA's Draugen project.
OKEA will set out to leverage ABB’s global digital leadership and industry experience in sustaining lean and optimized operations for the future – with responsive new business models to maximize operational excellence, reduce time-to-value and support cost-effective field developments at a time of high technological change in offshore operations, ABB said.
Dag Eggan, Senior Vice President of Business Performance, OKEA, said the MOU constitutes a framework for defining a strategic partnership related to digitalization initiatives. “ABB is, and will continue to be, a key partner for OKEA in realizing our ambition to operate Draugen until 2040,” he said.
“With deep-domain expertise and more than 50 years experience supporting oil and gas operators worldwide, we are confident ABB will create tremendous value for OKEA with this strategic collaboration,” said Tor-Ove Lussand, Local Business Manager, Norway, Energy Industries, ABB.
“ABB Ability – our unified digital offering extending from device to edge to cloud – combined with innovative business models, will enable a direct link between the technology and services we deliver, and the value created for OKEA.”