UK: Tech-Expertise BP Collaborates with Aker BP to Explore Development of Advanced Technologies
Through this alliance, both the companies aim to investigate potential venture capital investments. It will also focus on identifying and evaluating green innovations that prove beneficial for offshore oil and gas production.
UK – BP has recently announced that it has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses. Through their planned strategic alliance, BP and Aker BP intend to explore potential venture capital investments targeting technology and innovation improvements, including developments in digital twins, advanced seismic techniques and processing, and subsea and robot technology. The alliance is also expected to include identifying and evaluating innovations which could improve the environmental performance of offshore oil and gas production.
The alliance will be focused on identifying technologies that could be transformational in the upstream sector, enabling the digital transformation of subsurface characterisation and workflows. This move will help both the companies to identify and invest in innovation that will help secure and advance the industry’s future.