Edition:
United Kingdom

Aker Solutions and FSubsea to set up joint oil services firm


Wednesday, 10 Apr 2019 

April 10 (Reuters) - Aker Solutions ASA ::AKER SOLUTIONS AND FSUBSEA TO CREATE FASTSUBSEA TO BOOST SUBSEA OIL RECOVERY.AGREEMENT IS SUBJECT TO APPROVAL FROM NORWEGIAN COMPETITION AUTHORITIES.NEW COMPANY COMBINES AKER SOLUTIONS' HIGH-PERFORMANCE MULTIPHASE HYDRAULIC TECHNOLOGY WITH FSUBSEA'S GAME-CHANGING HYDROMAG TECHNOLOGY TO CREATE WORLD'S FIRST "TOPSIDE-LESS" MULTIPHASE BOOSTING SYSTEM.PUMP-MODULE SOLUTION BEING DEVELOPED BY FASTSUBSEA CAN CUT CAPEX BY HALF AND ENABLE SUBSEA BOOSTING AT FIELDS WHERE THERE IS NO AVAILABLE TOPSIDE SPACE.AKER SOLUTIONS AND FSUBSEA TO EACH HOLD 50 PERCENT OF OUTSTANDING SHARES.