Aker Solutions, Schlumberger and Subsea 7 Create Joint Venture
August 30, 2022 – Aker Solutions ASA (“Aker Solutions”), Schlumberger and Subsea 7 have entered into agreements to form a Joint Venture (“JV”) to deliver a step change in subsea production economics by helping customers unlock reserves, reduce time to first oil and lower development costs while simultaneously delivering on their decarbonization objectives.Aker Solutions and Schlumberger will contribute their subsea businesses into the JV which following the transactions will be owned by Schlumberger (70%), Aker Solutions (20%) and Subsea 7 (10%). This combination brings together deep