Akastor ASA is a Norway-based oil-services investment company with a portfolio of industrial and financial holdings. The company operates as a holding entity, actively managing its investments to maximize shareholder value through operational improvements, restructuring, and eventual divestments. Its core portfolio includes significant stakes in HMH (a premier drilling solutions provider formed via a joint venture with Baker Hughes), AKOFS Offshore (providing vessel-based subsea well construction and intervention services), and AGR (a well and reservoir consultancy). Akastor also holds financial investments in other energy-related entities such as Odfjell Drilling and Awilco Drilling. The company's revenue is primarily derived from its consolidated subsidiaries and equity-accounted joint ventures in the oilfield services and offshore sectors. Geographically, its portfolio companies operate globally, with a strong presence in the North Sea, the Americas, and other major offshore oil and gas basins. Akastor leverages the industrial expertise of its main shareholder, Aker ASA, to drive value creation across its portfolio.
