4Subsea expands with subsea control system provider acquisition
Subsea technology and services provider 4Subsea has acquired Astori AS, a provider of subsea control systems for well intervention operations.
Astori delivers unique subsea control systems for simplified XT installations that can operate all types of XTs from all main vendors.
4Subsea said on Tuesday that the inclusion of Astori’s technology and expertise would assist clients to optimize offshore operations with new technology and digital services.
Peter Jenkins, CEO of 4Subsea, stated: “With this acquisition, we are building upon our strategy of delivering leading-edge monitoring and maintenance services that provide significant business value to operators – all the way from the reservoir to deck. We are pleased to have the excellent team of experts from Astori joins us in developing innovative solutions to the industry going forward.”
Tor Mogens Jentoft, CEO of Astori, added: “We are very happy to have reached an agreement with 4Subsea on joining forces to further develop and deploy our control systems for the oil & gas industry. We look forward to working closely with the domain experts in 4Subsea within well operations, sensors and digital services.”
4Subsea also said that it would investigate the opportunities of further digitizing Astori’s subsea control modules, in the same way they developed digital twins for subsea production and drilling.
“Our digital services help operators ‘know it before it happens’ so that they can act accordingly and perform minor repairs and maintenance, without risking replacing expensive equipment or production shutdown,” Jenkins added.