Baker Hughes forms alliance with Aker Solutions

On April 22, Baker Hughes announced it will form an alliance with Aker Solutions to jointly offer products designed to boost subsea production.

Morningstar Equity Analysts 23.04.2014 | 9:44
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The alliance, which is subject to antitrust and other regulatory approvals, seeks to leverage Baker Hughes’ well completions and artificial lift offerings, along with Aker’s subsea production and processing systems. Subsea production is especially challenging work as it entails managing hostile conditions on the ocean floor. Deepwater subsea fields have so far exhibited low recovery rates and rising costs of development, which

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