Equinor & Aker Solutions strengthen their close ties

The two Norwegian companies, both of which operate within the offshore industry, have entered a partnership for the development of subsea equipment and services.

Photo: Harald Petersen/Equinor

Norwegian oil company Equinor, formerly Statoil, and Norwegian oil services company Aker Solutions have entered a strategic partnership for subsea equipment and services, the two companies each announce in press releases.

The two companies have worked closely together for several years, but the partnership has now been formalized via a framework agreement. The expanded collaboration between the two companies centers on security, quality, technology, execution and costs on current and future subsea projects.

"Aker Solutions and Equinor's ongoing collaboration has consistently generated mutually beneficial technology developments, working process simplifications and standardizations. This agreement formalizes the companies' joint ambitions of achieving efficiency and improvement goals," says Luis Araujo, chief executive officer at Aker Solutions in a press release.

Equinor has entered a similar agreement with TechnipFMC which delivers services, technology and equipment to platforms.

English Edit: Lena Rutkowski

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