Aker Solutions and FSubsea Joint Company to Boost Oil Recovery
Aker Solutions and FSubsea have created FASTSubsea to help operators increase oil recovery.
The new company combines Aker Solutions’ multiphase hydraulic technology with FSubsea’s Hydromag technology to create the first “topside-less” multiphase boosting system.
The pump-module solution being developed by FASTSubsea can cut capex by half and enable subsea boosting at fields where there is no available topside space, Aker Solutionss explained.
“Creating FASTSubsea enables us to increase our speed to the market, reduce risk and reduce investment in multiphase test facilities,” said Alexander Fuglesang, CEO of FSubsea, who will take on the role of managing director of FASTSubsea.
“Combining Aker Solutions’ subsea systems expertise and multiphase test facility with FSubsea’s Hydromag technology and lean mindset will benefit both companies,” added John Macleod, Aker Solutions’ chief technology officer. “FASTSubsea has the potential to become a valuable addition to our portfolio of boosting recovery solutions.”
The agreement is subject to approval from the Norwegian competition authorities.