NOV and Aker Solutions Sign Technology Cooperation Agreement to Optimize Subsea Solutions

Source: 6/10/2022, Location: Europe

NOV and Aker Solutions sign a new long-term technology cooperation agreement to optimize Subsea system solutions enabling sustainable oil and gas, low-carbon, and renewable solutions. The joint effort will combine the technology strengths of NOV and Aker Solutions to optimize system solutions, enabling greater flexibility and value for our clients and their projects across the entire energy portfolio.

Combining NOV's advanced technologies and project management skills with Aker Solution's extensive system integration capabilities and expertise will provide customers with sustainable oil and gas (O&G) and low carbon/renewable solutions.

This joint technology cooperation agreement will enable flexibility, minimize environmental impact, and increase operational efficiencies for offshore projects.

Collaboration is key to developing the sustainable future our industry is moving toward. By combining the technologies and capabilities of Aker Solutions with that of NOV, we will enable new solutions and optimized subsea architectures to reduce costs and enhance performance. NOV has a great legacy in the industry, and we are here to empower the global energy sector forward in the transition towards a more sustainable future. Ian Ayling, NOV’s Chief Sales Officer

The joint effort will enhance technology and engineering solutions within Aker Solution's Subsea and Renewable offerings such as:
• Subsea processing, separation, and storage solutions that optimize the total system and reduce CO2 emissions
• CO2 offloading and transport solutions to enable large scale and cost-efficient CO2 transportation, storage, and injection offerings

“Aker Solutions and NOV have a long cooperation track record within O&G projects. We also see synergies and opportunities for collaboration that can enable energy transition toward low-carbon and renewable solutions. This technology cooperation agreement aims to further explore and evaluate technology and engineering solutions and to pursue these opportunities within main technology areas,” said Aker Solutions' VP of Technology Partnerships and JIP, Parisa Bardouni, in the meeting with NOV for the signing in May. “The collaboration will target opportunities globally, building on the companies' presence in major O&G and renewable markets to meet customer needs worldwide."

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