By OGJ editors
HOUSTON, Aug. 12 – The private Kazakh company KGNT Holding and Aker Solutions have established Aker Caspian, a 50-50 service joint venture for land and offshore projects in the northern Caspian Sea.
The JV will operate a fabrication yard and a training center in Aktau to serve what Aker calls a vast market that revolves around a few projects, including supergiant Kashagan offshore oil and gas field.
KGNT Holding, owned by Kazakh citizens, is the first 100% Kazakh company to operate and maintain marine vessels in the northern Caspian. It is building five shallow-draft icebreaking tugs to add to its 10-vessel service fleet.
Aker Rauma Oy delivered Dada Gorgut, the first Caspian semisubmersible, to Baku in 1977. The company has been involved in several land and offshore projects in the Kazakh, Azerbaijan, and Russian Caspian areas.