Aker Solutions is being forced to shut down the Norwegian process services operation of its Aker Qserv subsidiary after suffering sustained losses on the business.
will affect about 20 employees at the Stavanger-based operation, some of whom
have been given new jobs at the Aker Well Services unit at another location near
Norway’s oil capital.
It will be
carried out once current contracts are completed, with the leak metering skids
operation already transferred to the well service outfit.
the reason for the move, an Aker Solutions spokesman informed Upstream: “We
have been unable to make the Norwegian process services operation a robust and
business has a sub-scale asset base, which means we would have had to make
significant investments to make the operation deliver consistent profits.
such investments, profitability would be low compared to comparable businesses.
As a result, we have decided to close down the operation.”
Norwegian engineering contractor, which employs more than 12,000 people in
Norway, is looking to minimise redundancies from the shutdown by helping retrenched
employees find work within the company or outside it.
the process services business will be moved from Stavanger to the Aberdeen
headquarters of Aker Qserv, which remains “a highly successful and integral
part of Aker Solutions”, the spokesman added.
The Aker Qserv
unit, which was acquired by Aker in 2008, currently employs about 600 personnel
and provides well, process and pipeline services in the North Sea and