AKOFS Offshore (AKOFS) has expanded its intervention services footprint with a 5 year well intervention contract with Equinor, and AKOFS has selected Optime to deliver part of this subsea intervention system.
AKOFS, a company owned by Akastor ASA, was recently awarded a five year light well intervention (LWI) services contract on the Norwegian continental shelf with Equinor.
The Notodden, Norway, based Optime Subsea, with offices in Houston, TX, USA, is a smaller sized group, specifically targeted at providing innovative and cost saving solutions within the subsea controls and intervention segment.
“We are pleased to award this important part of the delivery to Optime. We see Optime as a new and innovative solutions provider, with the backing of a well-qualified and experienced team”, says Geir Sjøberg, CEO of AKOFS.
“We are a smaller player in the industry, well equipped to challenge traditional solutions to optimize both system and operations, benefiting AKOFS and Equinor. Being a targeted controls and intervention provider, we are very focused in proving our position as the future provider of quality intervention products. We have therefore spent the last couple of years building our own in-house technology to support this growth. Instead of being part of the market changes, we want to drive the changes and therefore find the investement in products such as subsea pumps, small control modules, reservoirs, distribution, umbilical systems, software etc, allows for simpler system solutions to reduce size and cost. AKOFS has been a great partner so far. Through close and detailed iterations, the system we have designed together with AKOFS, will truly optimize the future LWI operations for Equinor”, says Jan-Fredrik Carlsen, CEO of Optime Subsea.