4Subsea acquires Astori

Peter Jenkins, CEO of 4Subsea, said:“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.”

“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,” commented Tor Mogens Jentoft, CEO of Astori.

4Subsea will investigate the opportunities of further digitising Astori’s subsea control modules, in the same way they have developed digital twins for subsea production and drilling. Building on sensor data from both their 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.

“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 added.

Read the article online at: https://www.worldpipelines.com/business-news/19032019/4bsubsea-acquires-astori/