Oil&Gas: Aker Solutions enters Kazakhstan joint venture

Aker Caspian will own, manage and operate a fabrication yard in Aktau, located next to the largest sea port of Kazakhstan. The parties have already secured the land area and made financial commitments to start the yard development in parallel with forthcoming scheduled offshore projects in Kazakhstan. Aker Solutions builds on its worldwide resources and know-how within engineering and fabrication for the oil and gas industry when entering this new phase in its operations in Kazakhstan.

Furthermore, Aker Caspian is part of developing a training centre in Aktau for personnel from the oil and gas industry in accordance with international standards.

- Aker Caspian represents an integral part of our strategy for the Caspian region. We recognise that, similar to other countries, local content is a key element for successful penetration of oil and gas markets in their early developing phases. Local content is also increasingly important in a land-locked Caspian Sea.  Through our longstanding presence in the region, we have established a close relationship with KGNT Holding.  In partnership, we are committed to develop a local knowledge base in the region by creating interesting and challenging job opportunities, says Jarle Tautra, executive vice president in Aker Solutions.

(Press release)