Subsea 7 Becomes Shareholder of Airborne Oil & Gas
- Business & Finance
Airborne Oil & Gas (AOG) informed that Subsea 7 has joined its shareholder base.
The investment by Subsea 7 entails a partnership of strategic importance to both parties providing the oil & gas industry with cost effective pipe technology solutions, the company said.
Marnix Boorsma, CEO Airborne Oil & Gas “We are delighted to be able to work with Subsea 7. They will contribute importantly to our overall value proposition, especially given the role that installation contractors nowadays are increasingly taking in the industry. Their significant presence in Brazil, a key region for Airborne Oil & Gas’ activities, supports our business – especially regarding deepwater opportunities.
“We look forward to collaborate with Subsea 7, also on the development of other innovative pipe solutions for the industry.”