Aker Solutions ASA : Aker Solutions buys US produced water de-oiling product
and services company
Aker Solutions is buying Separation Specialists Inc., a California-based
provider of produced water de-oiling products and field services, which
strengthens the international oil services company's position in the produced
water de-oiling segment.
Aker Solutions buys US produced water de-oiling product and services
company"With the acquisition of Separation Specialists, we are able to offer a
complete produced water de-oiling solution from one vendor. There is also an
excellent cultural fit between the two entities, which we look forward to
further developing," says David Merle, head of Aker Solutions' process systems
Aker Solutions will immediately be able to offer Separation Specialists'
products, such as nutshell filters (NSF), mechanical induced gas flotation
(IGF) and field services, through its global distribution and execution
network. This will enable the company to go to market with an integrated
produced water de-oiling treatment offering, in addition to its existing crude
oil treatment offering.
"The acquisition offers an entry point for Aker Solutions' products and
services to Separation Specialists' existing client base on the US west coast,
in the Gulf of Mexico, Russia and the Middle East," says Merle.
Aker Solutions offers a complete range of process systems technologies to the
oil and gas industry adapted to onshore and offshore requirements. Aker
Solutions' North American headquarter is located in Houston, Texas.
The transaction value is undisclosed.
Separation Specialists Inc's main office is in Bakersfield, California. The
company also has a facility in Louisiana. It was established in 1989 and has
about 20 employees.
The company provides products for all types of produced water, including for
oilfield, industrial, aluminum manufacturing, paper mills, and railroad
usage. The product range includes mechanically induced gas flotation,
nutshell filters/walnut shell filters, ASME tank fabrication and repair,
gravity separation equipment. The company also offers troubleshooting and
field lifecycle services for own and third-party products.
The company will continue to market its services using its current name,
For further information, please contact:
Ivar Simensen, Acting Chief Communications Officer, Aker Solutions. Tel: +47
67 59 41 90, Mob: +47 46 40 23 17, E-mail: firstname.lastname@example.org
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30
39, Mob: +47 91 13 71 94, E-mail: email@example.com
For further information about sourcing and potential subcontracts for this
project, please visit www.akersolutions.com/suppliers
Aker Solutions provides oilfield products, systems and services for customers
in the oil and gas industry world-wide. The company's knowledge and
technologies span from reservoir to production and through the life of a
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
25 000 people in more than 30 countries. They apply the knowledge and create
and use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had
aggregated annual revenues of approximately NOK 36.5 billion. The company is
listed on the Oslo Stock Exchange.
This press release may include forward-looking information or statements and
is subject to our disclaimer, see www.akersolutions.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Aker Solutions ASA via Thomson Reuters ONE
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