Aker Solutions ASA: Competition authorities approve subsea joint venture between Aker Solutions, SLB and Subsea7
August, 4 2023 - Reference is made to the stock exchange release August 30, 2022
regarding the agreements to form a subsea joint venture with SLB and Subsea7.
Closing is subject to regulatory approvals.
Following clearance as of today by antitrust authorities in Brazil, all
regulatory approvals/clearances required to close the transactions have been
obtained, including required clearances in Angola, Mozambique, Australia,
Norway, the United Kingdom and the United States. All approvals/clearances
obtained are unconditional.
The joint venture is planned as a milestone in subsea production economics,
helping customers unlock reserves, reduce time to first oil, lower development
costs, and achieve decarbonization goals. The three companies will bring
together deep reservoir domain and engineering design expertise, extensive field
-proven subsea production and processing technology portfolios, world-class
manufacturing scale and capabilities, and a comprehensive suite of life-of-field
solutions to customers around the world.
The parties will continue to work to satisfy the remaining conditions for
closing, and aim to close as early as practicably possible in the fourth quarter
Torbjørn Andersen, mob: +47 928 85 542, email:
Preben Lund Ørbeck, mob: +47 470 10 611, email: [email protected]
Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 16,000
people in more than 20 countries.
Visit akersolutions.com and connect with us on
Twitter (https://twitter.com/akersolutions) and
This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Svend Thürmer, Senior Advisor,
Communications, Aker Solutions, on August 04, 2023 at 20:00 CEST.