Aker Solutions, Det norske and Subsea 7 offshore oil and gas companies have formed an alliance in Norway to collaborate on oil and gas developments.
According to a statement issued by the companies, this “one for all, all for one” model marks a major shift in how an operator and its suppliers can work together.
“Our industry needs to find new, more sustainable ways of working on oil and gas developments. This alliance enables a holistic approach to our subsea developments that will promote an effective reuse of solutions and best practices across the portfolio to significantly save time and reduce costs,” Det norske Chief Executive Officer, Karl Johnny Hersvik, said.
Offshore Oil and Gas Companies Team Up in Norway
The alliance will combine Det norske’s know-up in exploration and production with Subsea 7’s skills in engineering, procurement, installation and commissioning of subsea umbilicals, risers and flowlines (SURF) and Aker Solution’s expertise in front-end engineering, brownfield modifications and subsea systems.
Before now, field developments were managed on a project-by-project basis, which curtailed the reuse of technology and solutions.
Subsea 7, Aker Solutions and Det norske officer sign alliance agreement
With this alliance, operator and suppliers can work together to find the most cost-effective solutions in the development of Det norske’s Norwegian subsea field portfolio, ensuring continuity from one field development to another and facilitating the reuse of solutions and technologies.
“All parties share both risks and rewards,” the companies stated.
Norwegian Players Share Knowledge on Subsea Assets
The alliance follows a four-year framework agreement signed in June between the three companies, potentially valued at NOK 2.8 billion (£254.9 million).
Management of the alliance will be done through a steering committee comprised of senior management from each company, while the project management team will be led by a Det norske manager.
“We see this as a new and exciting way of working together as operator and suppliers with many potential benefits, not only for us individuals as companies but also for the entire industry as we find more effective collaboration methods,” Aker Solutions CEO Luis Araújo, said.
“Working together as one integrated team across developments will promote greater sharing of knowledge and best practices,” Subsea 7 CEO Jean Cahuzac, said.
“This is collaboration through integration. We don’t want just an integrated team or a shadow organisation, but one project management organisation with the “best” personnel from each company to extract the greatest synergies,” Hersvik stated further.