Aker Completes Sale of Well-Intervention Services Business to EQT

Source: www.gulfoilandgas.com 1/9/2014, Location: Europe

Aker Solutions completed the sale of its well-intervention services business area to EQT, a Swedish private equity fund. The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of return exceeding 12 percent a year on EQT's equity investment. Aker Solutions will book a gain before any earn-out of NOK 1.8 billion in the first quarter of this year from the transaction. The sale was announced on November 22, 2013.

Well Completion, Logging, Workover News in Norway >>

Equinor Extends Framework Agreement with IKM Testing AS

Norway >> 11/20/2023 - Equinor has awarded IKM Testing a four-year extension to a major framework agreement that covers all of Equinor's offshore installations and onshore f...

KBR Awarded Engineering Contract for Fidelis New Energy's Liquid Carbon Dioxide Project

Denmark >> 11/9/2023 - KBR announced it has been awarded a Front-End Engineering Design (FFED) contract by Fidelis New Energy for Project Fyrkat, a liquid carbon dioxide (LC...

Related Categories: Formation Evaluation General Geological, Geophysical Geophysical Contractors Mud Logging Reservoir Engineering & Recovery Methods Seismic survey Well Completion, Logging, Workover

Related Articles: Formation Evaluation General Geological, Geophysical Geophysical Contractors Mud Logging Reservoir Engineering & Recovery Methods Seismic survey Well Completion, Logging, Workover

Norway Oil & Gas 1 >>
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86

Aker Completes Sale of Well-Intervention Services Business to EQT

More News

Related Links