Baker Hughes And Akastor ASA Announce Joint Venture Company To Deliver Global Offshore Drilling Solutions
HOUSTON & FORNEBU, NORWAY (BUSINESS WIRE)
Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad portfolio of products and services.
The transaction will result in a leading equipment provider with integrated delivery capabilities, financial strength, and flexibility to address a full range of customer priorities. The Company will be owned 50-50 by Baker Hughes and Akastor, and following the closing of the transaction, the Company’s operations will be managed from current offices in Houston, Texas, and Kristiansand, Norway. Merrill A. “Pet
- Baker Hughes and Akastor ASA announce
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Akastor ASA: Baker Hughes and Akastor ASA announce joint venture company to deliver global offshore drilling solutions
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