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ONS 2014: New focus for slim-line Aker Solutions

26th August 2014

Aker Solution's new chief executive, Luis Araujo, spoke at ONS about his plans for the slimmed down Aker Solutions and its more focussed portfolio

ONS 2014: New focus for slim-line Aker Solutions
Araujo cut his teeth at Aker as head of the company’s Brazilian subsidiary three years ago and has now moved to the company’s head office in Oslo

It is a theme common with many in the oil and gas sector – reducing costs – but this is the route down which Luis Araujo, the new chief executive of Aker Solutions, is guiding the company.

“We are focussing now on oil companies, offshore and deepwater, and no longer have to be everywhere and work with all kinds of clients,” Araujo said. “We used to be in more than 30 countries, now we will operate in 19. It is a big change that will help to integrate and focus the company more.”

Rather than attempt to operate in every market the future is to follow the progress of major players such as Petrobras, Total BP and Shell wherever they operate.

Araujo cut his teeth at Aker as head of the company’s Brazilian subsidiary three years ago and has now moved to the company’s head office in Oslo.

“An important issue is helping clients reduce costs by making more use of existing solutions and equipment to cut down the number of engineering hours needed on each project. This is an industry problem, not a supplier problem, and I think the clients understand that now. We are starting to re-utilise technology, to design one and build several, and we are seeing more repeat business where we do not have to engineer again. We are working very closely with clients on that, Statoil amongst them.”