Subsea Vessel Ops Predicted to Grow Over Coming Years
from ageing subsea wells, this had previously been seen as a game changer for the subsea market but a hesitance to adopt new technology by operators has seen subsea well intervention fall out of focus in recent years, a fact compounded by Total’s recent cancellation of a contract with Aker Oilfield Services in June 2014. Therefore DW expect limited growth in this segment with activity continuing to be focused in the North Sea where a combination of ageing well stocks and falling well productivity and relatively shallow waters provide the biggest incentive to the local E&P community.
Aker Wayfarer Wins 5-Yr Contract from Petrobras
Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a five-year option extension. AKOFS will at the end of September become part of Akastor, an oilfield services investment company that will be one of two companies formed as part of the announced separation of Aker Solutions. The Aker Wayfarer vessel will be outfitted at a yard in Norway to become a deepwater
'Aker Wayfarer' Wins Petrobas Subsea Contract
Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) says it has won a contract worth US$465-million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a five-year option extension. AKOFS will at the end of September become part of Akastor, an oilfield services investment company that will be one of two companies formed as part of the announced separation of Aker Solutions. The Aker Wayfarer vessel will be outfitted at a yard in Norway to become a deepwater
Demerger Proposed at Aker Solutions
The board of directors of Aker Solutions ASA has in accordance with the strategy disclosed April 30 resolved to propose to the company's shareholders that Aker Solutions be split into two companies. The board has also determined to write down the value of some assets in the Aker Oilfield Services unit of Akastor, one of two companies that will emerge from the separation. Aker Solutions Holding ASA - a subsidiary of Aker Solutions ASA established for the purposes of the demerger and which will apply for listing of its shares on the Oslo Stock Exchange - will through the proposed demerger assume Aker
Aker Solutions to Divide Company in Two
under the Aker Solutions name. The company will be more strategically aligned, have a narrower focus and deeper synergies to strengthen its leading position through its unique subsea technology and state-of-the-art offshore field design. The other units, including Drilling Technologies, Aker Oilfield Services and Process Systems, will be developed independently as part of a new oil-services investment company, named Akastor. These business areas, which have significant operational, technological and commercial differences, will have greater strategic freedom to develop individually through both
Subsea Construction Services Contract for 'Aker Wayfarer'
Aker Solutions subsidiary Aker Oilfield Services signs a contract to provide subsea construction services offshore Brazil. An undisclosed customer will utilise Aker Oilfield Services' subsea construction vessel Aker Wayfarer for a period of 230 days. Start-up of operations is likely to be in May/June 2013, with mobilisation and de-mobilisation taking place in north-east UK. Aker Wayfarer has previously been on a year-long campaign offshore Brazil during 2011 and 2012. "To secure another long-term campaign offshore Brazil is a compliment to the capabilities of Aker Wayfarer and her crew.
February 2024
