Norwegian contractors Aker Solutions and AF Gruppen are merging their offshore decommissioning units to exploit what they say is the “vast untapped potential” of the global offshore oil and gas market.

The pair are to place their offshore decommissioning units into a 50:50 joint venture as they set their sights on a slice of a market that consists of an estimated 10,000 platforms currently in operation worldwide.

Are you missing out on ACCELERATE?
Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge.