Aker BP and Aize expand partnership with SaaS agreement

OSLO, NORWAY, 21.08.24 - Aize has announced an expansion of the strategic collaboration with Aker BP (OSE: AKERBP) to include a Software-as-a-service (SaaS) agreement for all relevant facilities.

Aker BP is one of Europe’s largest independent oil and gas companies and a frontrunner in digitalization. The continuation of the existing development partnership involves implementing Aize for Aker BP’s topsides, thereby improving efficiency across projects and operations.

Aize and Aker BP have focused their combined development efforts on two axes: Develop a digital twin that aims to support the current needs of today’s brownfield projects while supporting the development of the product to suit Yggdrasil asset operational needs, the biggest ongoing development on the Norwegian Continental Shelf.

With Yggdrasil utilizing Aize for platform visualization and collaboration, Skarv FPSO has also begun its operational journey with Aize. This significant milestone marks the first Aker BP brownfield facility to potentially benefit from Aize’s solutions. The collaboration between the EPC and operations phases, as demonstrated by Aker Solutions, Aker BP, and Aize in Yggdrasil, showcases the potential for new ways of working in both brownfield and greenfield projects, enabling easier access to information across systems, applications, and domains.

Aize enables seamless navigation and access to relevant information in project execution and asset operations, to reduce costs and increase efficiency. The software allows Aker BP to visualise, monitor and collaborate on their asset models in 2D and 3D, improving collaboration between engineers internally and between Aker BP and its partners.

As part of the SaaS agreement, the two parties will continue to work closely to facilitate optimal implementation and adoption by targeted users, exploring extended ways of unlocking even more value from the partnership.

Thomas Hoff-Hansen CIO from AKER BP: ‘Adopting the SaaS model is the natural next step in strengthening the strategic partnership between Aker BP, Aize and Cognite. Today, we begin using a solution co-developed as a true partnership to generate value for our business. We will continue our fast-moving digitalisation journey and change how we work in the phases of projects and operations in our industry.'

Jarle Skrebergene, Aize CEO, said: ‘This is a significant milestone for our collaboration with Aker BP. Working closely with their experts has given us access to competence and experience that has been invaluable in developing our product. Expanding our agreement confirms how Aize is proving market fit nationally and internationally, and underlines Aker BP’s steadfast commitment to evolving their digital agenda.’

For more information, please contact:
Aize: Mads Gudim Burheim mads.burheim@aize.io
Aker BP: Ole-Johan Faret ole-johan.faret@akerbp.com