Akastor and Baker Hughes establish joint drilling venture

Akastor, part of Kjell Inge Røkke's Aker group, joins US-based Baker Hughes in establishing a joint venture to deliver global drilling solutions. Activities will be managed from both Norway and the US.

Photo: Andy Buchanan/AFP/Ritzau Scanpix

Akastor, part of Kjell Inge Røkke's group of Aker companies, joins US-based Baker Hughes in establishing a joint venture to supply offshore drilling solutions globally.

The plan is to create an equipment provider able to deliver a broad portfolio of products and services, a statement informs. Baker Hughes joins with the company's business in subsea drilling systems, while Akastor joins with subsidiary MHWirth.

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