The Energy Valley, formerly called Subsea Valley (SSV) is a

business cluster A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and gl ...

organization of Norwegian subsea engineering companies in

Fornebu Fornebu (local form ''Fornebo'') is a peninsular area in the suburban municipality of Bærum in Norway, bordering western parts of Oslo. Oslo Airport, Fornebu (FBU) served as the main airport for Oslo and the country since before World War II and ...

Sandvika Sandvika () is the administrative centre of the municipality of Bærum in Norway. It was declared a List of cities in Norway, city by the municipal council (Norway), municipal council in Bærum on 4 June 2003. Sandvika is situated approximately ...

Asker Asker (), also called Asker proper (''Askerbygda'' or ''gamle Asker'' in Norwegian), is a district and former Municipalities of Norway, municipality in Akershus, Norway, located approximately 20km southwest of Oslo. From 2020 it is part of the ...

, Tranby,

Drammen Drammen () is a city and municipality in Buskerud county, Norway. The port and river city of Drammen is centrally located in the south-eastern and most populated part of Norway. Drammen municipality also includes smaller towns and villages such ...

, Hokksund and

Kongsberg Kongsberg () is a historical mining town and municipality in Buskerud county, Norway. The city is located on the river Numedalslågen at the entrance to the valley of Numedal. Kongsberg has been a centre of silver mining, arms production and fo ...

, totaling approximately 75 km in length. The organization consists of 184 firms and incorporates three of the five major subsea engineering companies that compete in the industry. The major engineering companies within the EV are FMC Technologies,

Aker Solutions Aker Solutions ASA is a Norwegian engineering firm headquartered in Oslo. The firm's production is focused on energy infrastructure, including systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastruc ...

and GE Vetco. With regard to subsea production systems, Norwegian suppliers have gained global market shares in the range of 60-70%, and companies such as FMC Technologies, Aker Solutions and GE are truly global players within this segment. The competitors located outside the cluster are Cameron and DrillQuip. A report by TESS stated that in addition to the companies, which are present in the SSV area, as many as 600 companies are in one or another way connected to the valley. The three central companies in Subsea Valley – FMC Technologies,

and GE Vetco – are supplying oil & gas extraction equipment to such

hydrocarbon In organic chemistry, a hydrocarbon is an organic compound consisting entirely of hydrogen and carbon. Hydrocarbons are examples of group 14 hydrides. Hydrocarbons are generally colourless and Hydrophobe, hydrophobic; their odor is usually fain ...

operators as

Statoil Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In th ...

Exxon Exxon Mobil Corporation ( ) is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the largest direct successor of John D. Rockefeller's Standard Oil, the modern company was form ...

and

Petrobras Petróleo Brasileiro S.A., better known by and Trade name, trading as the portmanteau Petrobras (), is a Brazilian state-owned enterprise, majority state-owned multinational corporation in the petroleum industry headquartered in Rio de Janeiro. ...

History

The Subsea Valley cluster organization was formally established on June 8, 2010. Some early members were FMC Technologies, Aker Solutions, BI Drammen and TESS as. The initiative was largely taken by TESS as with help from BI Drammen. In its early phase a vision of developing into a “global knowledge hub”, thus keeping the world leading competence simultaneously with further developments in the industry, was declared by the SSV. Erik Jølberg adds further that some cluster specific initiatives have been recorded. The establishment of a subsea program at the Buskerud College with FMC employees as teachers began in January 2011. An internet page has been set up. To facilitate inter-firms communication the “Speed Match meeting” has been established, allowing suppliers and producers to meet for 15 minutes and discuss their products and needs. Also, attempts to secure founding from governmental institutions (e.g. Innovasjon Norge) have been undertaken. In 2019 the cluster organization was rebranded as Energy Valley.

External link

Website of the organization

References

{{Coord, 59.8274, 10.4354, region:NO-30, format=dms, display=title High-technology business districts Economy of Norway