4Subsea will acquire Astori AS, a Norwegian provider of subsea control systems for well intervention operations. Astori’s automation and control technology tie into 4Subsea’s portfolio of critical decision support solutions for operators, according to a press release.
With the inclusion of Astori’s technology and expertise, 4Subsea said it further solidifies its position as an independent vendor helping operators optimize offshore operations with new technology and digital services.
“With this acquisition we are building upon our strategy of delivering leading-edge monitoring and maintenance services that provide significant business value to operators - all the way from the reservoir to deck. We are pleased to have the excellent team of experts from Astori join us in developing innovative solutions to the industry going forward,” said Peter Jenkins, CEO, 4Subsea, in a statement.
“We are very happy to have reached an agreement with 4Subsea on joining forces to further develop and deploy our control systems for the oil & gas industry. We look forward to working closely with the domain experts in 4Subsea within well operations, sensors and digital services,” added Tor Mogens Jentoft, CEO,Astori
4Subsea said it will “investigate the opportunities of further digitizing Astori’s subsea control modules, in the same way they have developed digital twins for subsea production and drilling.” It intends to build on sensor data from both its own and third-party sensors and by using advanced algorithms and machine learning, 4Subsea’s domain experts provide a digital service for significantly improved decision support to operators, according to the press release.
“Our digital services help operators “know it before it happens” – so that they can act accordingly and perform minor repairs and maintenance, without risking replacing expensive equipment or production shutdown,” Jenkins said.
Seismic and well data management portal iGlass now features Elasticsearch technology
Solaris Oilfield Infrastructure Inc. revealed on Dec. 2 a collaboration with Amazon Web Services Inc. (AWS) to provide its customers greater insights into oilfield data, including materials and storage usage, trend analysis, equipment and performance analytics, and predictive maintenance features.
This is the oil and gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations, and signals a new avenue in oilfield services tapping the power of GumboNet.