3.

Through the ventures cooperation agreement, both companies will explore potential venture capital investments focused on spacer spools adapter spools technology and innovation improvements – including developments in digital twins, advanced seismic techniques and processing and subsea and .

Additionally, the alliance is expected to encompass identifying and evaluating innovations to improve environmental performance of offshore oil and gas production.

“Working together with Aker BP, our alliance will be focused on identifying technologies that could be transformational in the upstream sector, enabling the digital transformation of subsurface characterization and workflows,” Steve Cook, BP Technology’s chief buy severe service valves commercial officer said in a BOP Blow Out Preventer repair company gulf coast statement. “Our alliance will help both companies identify and invest in innovation that will help secure and advance our industry’s future.”

Aker BP’s CEO Karl Johnny Hersvik added that he hopes the alliance will help identify innovative spacer spools adapter spools technology companies to solve key business challenges.