Aker Solutions signs six-year agreement with TGS

Aker Solutions' geo business has signed a six-year frame agreement with TGS to co-operate in supplying regional sub-surface velocity cubes - hiQbe® - for the UK Central North Sea area.

The Norwegian enginering company says in a press release that the agreement is valid for a period of six years, with optional extensions, from 29 May 2012. In addition, TGS has options to extend the agreement to other areas on the UK continental shelf.

"This is a very good agreement for us, with an important seismic company with whom we share a successful history of velocity cube co-operation on the Norwegian continental shelf," says Bengt Larssen, president of Aker Solutions' geo business.

hiQbe® stands for regional high quality velocity cube and consists of hundreds of seismic stacking velocity data sets, and checkshots from hundreds of wells, all processed into one regionally consistent velocity cube, with anisotropy corrections.

It is created using proprietary Aker Solutions' technology.

"We are one of the largest sub-surface consultancy businesses on the Norwegian continental shelf. This co-operation confirms our technology and is recognition of our competence. As a result, we will be looking at expanding our capacity within this niche market," adds Larssen.

Aker Solutions' geo business delivers products and services through the whole subsurface value chain, from exploration to production, and is a leading velocity and depth conversion provider.

Associated companies:


Related news

Latest news

New contract: Windcat 41 - no 17 in the Servogear series

Servogear announces the signing of a new contract with Windcat Workboats BV for the delivery of Servogear Controllable Pitch Propellers (CPP)  for their new vessel Windcat 41. 

Seacat Enterprise to be launched January 12th

Seacat Services, is preparing to launch its first High Speed Utility Vessel (HSUV), Seacat Enterprise at January 12th.

Norsafe Signs Contract with the Swedish Coast Guard (KBV)

On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats.

A Unique Second-generation Tomograph is Developed

A new gamma-ray tomograph designed to image up to 4” diameter pipes, is developed by CMR Prototech for the Saskatchewan Research Council (SRC) in Canada.

Sohome launches a new website

Sohome has launched a new website that makes it easier to find key information. 

Sohome AS receives orders for Johan Sverdrup Project

Sohome AS is proud to be a sub-contractor to Intelecom AS for the Johan Sverdrup Project. 

New 55'' Ultra High Definition Chart and Planning table passes Type Approval testing

Most advanced maritime display system ever produced, the 55'' Ultra High Definition Chart & Planning table, enables Integrated Bridge System manufacturers to develop new multi-data solutions.

Norsafe's experience in the Polar Code Pays Off

In readiness for the introduction of the Polar code, Norsafe has become the first LSA supplier to have executed full scale tests and trials 

Øglænd System Group winner of Business of the Year Award

Øglænd System Group won the Business of the Year Award in the Stavanger-region 2016.