OKEA in digitalization pact with ABB

  • Business & Finance

ABB and Norwegian oil and gas producer OKEA have signed a Memorandum of Understanding (MoU) to support OKEA achieve substantial productivity gains using agile and dynamic business models.

Draugen platform
Draugen platform © OKEA

The two companies said on Friday that the MoU reflects future potential for OKEA to leverage ABB’s global digital leadership and industry experience in sustaining lean and optimized operations for the future – with responsive new business models to maximize operational excellence, reduce time-to-value and support cost-effective field developments at a time of high technological change in offshore operations.

“We are pleased to express our joint efforts with ABB to further develop our collaboration through this MoU, which constitutes a framework for defining a strategic partnership related to digitalization initiatives,” said Dag Eggan, Senior Vice President of Business Performance, OKEA.

“ABB is, and will continue to be, a key partner for OKEA in realizing our ambition to operate Draugen until 2040.

According to the two companies, the MoU will support OKEA in its strategy to maintain an efficient organization and scale production by leveraging ABB’s expertise in autonomous operations, digital solutions and advanced services.

“With deep-domain expertise and more than 50 years experience supporting oil and gas operators worldwide, we are confident ABB will create tremendous value for OKEA with this strategic collaboration,” said Tor-Ove Lussand, Local Business Manager, Norway, Energy Industries, ABB.

“ABB Ability – our unified digital offering extending from device to edge to cloud – combined with innovative business models, will enable a direct link between the technology and services we deliver, and the value created for OKEA.”

It is worth reminding that OKEA and ABB last May entered into a framework agreement for the provision of automation on the Draugen platform. The agreement will last up to ten years and covers integrated service and support services, including remote support, to the OKEA-operated field.

In related news, OKEA has recently committed to a 3D seismic survey over the PL958 in the Norwegian Sea, which sits east of the Draugen field.

Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today please contact us via our advertising form where you can also see our media kit.

Related news

List of related news articles