Aker Solutions Boosting Subsea Capacity

press release
Friday, April 20, 2012

International oil service group Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business.

 

This investment is set to double the capacity of its manufacturing plants in Tranby, Norway, and Port Klang, Malaysia. In addition, a new service base will also be established in Malaysia. The subsea segment of the oil and gas industry is growing rapidly and is expected to develop exponentially over the next few years. Of Aker Solutions' 23 500 employees almost 7000 are employed within the subsea business, a number which is set to increase due to this expansion. 
These planned investments are a response to a wave of existing orders and recognition of the growing market demand. Aker Solutions ability to serve its current and future clients will be improved and this development will facilitate market share growth within subsea production technologies, including subsea trees, control systems, pumps and work-over systems.


The investments include the addition of brand new machines and a physical expansion of the facilities in Port Klang, Malaysia, and Tranby, Norway. The new service base in Malaysia will support projects in the Asia-Pacific region.
"The subsea market has strong fundamentals and this steady growth is expected to continue. We are now preparing for expansion in all markets and regions and these investments give us great momentum. They will also increase our capability to serve our clients and our ability as their preferred partner", says Alan Brunnen, executive vice president of Aker Solutions' subsea business area.
 

Approximately 80 percent of the investments will be made this year, including the purchase of new machines, equipment and tooling. The remaining investments will continue throughout 2013 and 2014. In the past, Aker Solutions has invested heavily in Malaysia, which is their deepwater hub in the Asia Pacific region. This includes the company's manufacturing centre in Port Klang close to Kuala Lumpur which employs close to 800 people and a 600-strong front-end, design and engineering hub in Kuala Lumpur.


The Tranby facility outside of Oslo, is growing rapidly and employs 630 people, acting as the centre of excellence for Aker Solutions' subsea operations. The new service base in Labuan Federal Territory in East Malaysia will support the installed and future deepwater projects in the Asia Pacific region and will open in July this year. Aker Solutions has two other subsea service bases in the Asia Pacific region; one is located in Perth, Australia, and the other in Kakinada, India.
 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Meyer Turku Wins TUI Cruises Order for 2 Ships

TUI Cruises GmbH and Meyer Turku Oy signed an agreement for two cruise ships. This order further strengthens the order book of the shipyard, which contains now a high work load until the year 2020.

Oranjewerf Ship Repair becomes Damen Shiprepair Oranjewerf

On 1 July 2015, Oranjewerf Ship Repair, which joined Damen Shipyards Group in 1989, will officially change its name to Damen Shiprepair Oranjewerf. This name

Shell Steps Closer to Arctic Drilling

The U.S. Fish and Wildlife Service authorized the nonlethal, incidental, and unintentional take of small numbers of polar bears and Pacific walrus that result

Offshore

Cargoship Disabled and Grounded in Dardanelles

General cargo vessel Ibrahim Konan  (7,618 dwt, built 2008) today (July 1) suffered rudder failure and ran aground in Dardanelles in front of Eceabat in Turkey,

Motion Compensation Solution for Solan Field

Ampelmann provides access solution for commissioning of the Solan project in West of Shetland   Motion compensated access solutions developer Ampelmann informs

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

Energy

Shell Steps Closer to Arctic Drilling

The U.S. Fish and Wildlife Service authorized the nonlethal, incidental, and unintentional take of small numbers of polar bears and Pacific walrus that result

Monopiles Terminal to Be Built in Rotterdam

Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2   Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2145 sec (5 req/sec)