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Aker Solutions, Det norske and Subsea 7 form alliance in Norway

Staff Writer | September 14, 2016
Aker Solutions, Det norske oljeselskap and Subsea 7 agreed on a "one for all, all for one" collaboration model to work together on oil and gas developments offshore Norway.
Alliance
Oil exploration   Oil and gas developments offshore Norway
The alliance combines Det norske's exploration and production know-how with Aker Solutions' expertise in front end engineering, brownfield modifications and subsea systems and Subsea 7's capabilities in the engineering, procurement, installation and commissioning of subsea umbilicals, risers and flowlines (SURF).

The companies will form an integrated project management team with experts from each. This will enable continuity from one field development to another and facilitate a reuse of solutions and technology that will lower costs, reduce development time and promote safe and more efficient work methods amid a focus on continuous improvement. All parties share both risks and rewards.

The alliance accord comes after Det norske in June announced a four-year framework agreement with Aker Solutions to provide subsea production systems and services for the operator's oil and gas developments in Norway and with Subsea 7 for SURF services.

The scope of these framework contracts has a total potential value of about NOK 2.8 billion, of which approximately NOK 800 million is Aker Solutions' share and NOK 2 billion is Subsea 7's portion.

These values may change depending on how much work the operator calls for under the contracts. Aker Solutions will book individual orders under the contract as they come in.

Overall management of the alliance will be through a steering committee comprised of senior management from each company.

The project management team will be led by a manager from Det norske. The alliance has set out key principles, foremost being a "one for all, all for one" mindset that rests on mutual transparency and trust.


 

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