Aker Solutions and Baker Hughes have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014.
Earlier this year, the companies agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields.
The alliance combines Aker Solutions' strengths in subsea production and processing systems with Baker Hughes' expertise in well completions and artificial-lift technology to deliver reliable, integrated in-well and subsea production solutions that will help mitigate risk, accelerate output and extend the life of subsea fields.
In addition, the alliance team will focus on advancing the industry's well-intervention capabilities to further optimise efficiency and reduce risks in subsea developments.
Baker Hughes has installed enhanced run life electrical submersible pumping (ESP) systems in two vertical subsea boosting stations located on the seabed at Shell’s Perdido field in the Gulf of Mexico in 8000 ft of water.
Statoil has awarded Baker Hughes two year extensions on two contracts in Norway. The contracts are for the provision of drill bits, directional drilling, formation evaluation and related services on 10 - 12 rigs operating in multiple fields offshore Norway.