Dubai’s Drydocks World forms joint venture with Aker Solutions

Dubai’s Drydocks World forms joint venture with Aker Solutions

Partnership to upgrade production at UK’s Rosebank oil and gas field

The contract was officially signed in Dubai at DP World’s Head Office by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Chairman of Drydocks World, Sturla Magnus, Executive Vice President, Topsides and Facilities at Aker Solutions and Arne Hygen Tørnkvist, EVP of Altera Infrastructure. - Supplied picture

Published: Fri 3 Feb 2023, 2:19 PM

Drydocks World, a DP World Company, and Aker Solutions formed a joint venture to upgrade a floating production storage and offloading (FPSO) vessel for the Rosebank oil and gas field in the UK.

The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine and offshore services with Aker Solutions’ integrated solutions, products and services, to cater for the needs of the global energy industry.

The joint venture signed its first contract with Altera Infrastructure, a leading global energy infrastructure services group to upgrade, refurbish and electrify the FPSO, the Petrojarl Knarr. The vessel will be redeployed at Rosebank field, with the upgrades allowing it to be kept in the field for 25 years without drydocking.

The contract was officially signed in Dubai at DP World’s Head Office by Sultan Ahmed Bin