Skip to main content
  1. Home
  2. Special reports
  3. 05 Oct 18
  4. BP and Aker BP form strategic technology venture alliance

BP and Aker BP form strategic technology venture alliance

Published by , Editorial Assistant
Oilfield Technology,

Through their planned strategic alliance, BP and Aker BP intend to explore potential venture capital investments targeting technology and innovation improvements, including developments in digital twins, advanced seismic techniques and processing, and subsea and robot technology. The alliance is also expected to include identifying and evaluating innovations which could improve the environmental performance of offshore oil and gas production.

Steve Cook BP Technology’s chief commercial officer said: “BP has built a strong track-record of targeted investment through BP Ventures in a range of technologies and sectors. Working together with Aker BP, our alliance will be focused on identifying technologies that could be transformational in the upstream sector, enabling the digital transformation of subsurface characterisation and workflows. Our alliance will help both companies identify and invest in innovation that will help secure and advance our industry’s future. We believe that working together can deliver real value for both BP and Aker BP.”

arl Johnny Hersvik, the CEO of Aker BP said: “Aker BP is very pleased to expand the cooperation with BP. We want to leverage this alliance to expand our capacity to identify innovative technology companies that can help us to solve our key business challenges. Aker BP targets to become a preferred partner for such companies through various cooperation models, including potential equity investments.”

Read the article online at: https://www.oilfieldtechnology.com/special-reports/05102018/bp-and-aker-bp-form-strategic-technology-venture-alliance/

You might also like

 
 

Embed article link: (copy the HTML code below):

 

This article has been tagged under the following:

Upstream news Oil & gas news