Aker Solutions separates into three companies

Aker Solutions is separating its core businesses into three companies: Aker Solutions, Aker Contractors, and Process & Construction International.

Offshore staff

OSLO, Norway -- Aker Solutions is separating its core businesses into three companies: Aker Solutions, Aker Contractors, and Process & Construction International.

Aker Solutions will provid engineering, technologies, solutions, and services for the upstream oil and gas industry. Its range of offerings will include deepwater drilling technologies, subsea oil and gas production systems, well services, mooring and offloading systems, wellstream processing technologies, as well as life-of-field solutions through its maintenance, modification and operations business. Aker Solutions' head office will remain in Norway.

Aker Contractors will specialize in engineering, procurement, and construction (EPC), with a strong position in the North Sea field development market, key positions in selected international target regions, and a strong offering of distinct offshore products with a global market.

The Process & Construction (P&C) business area is a global supplier of engineering, procurement, construction, commissioning, project execution, and services in three onshore industry segments: mining and metals, energy and environmental, and downstream oil, gas and processing.

Not all of P&C will be part of the new company. The US EPC center in Houston, and the Union Construction business in the US and Canada, will transfer to Aker Contractors to further ramp up the company's engineering and contracting capacity.

12/09/2010

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