FMC Technologies and Technip Complete Forsys Subsea

Loading...
Loading...

Revolutionizing subsea field architecture from concept delivery and beyond

HOUSTON, June 2, 2015 /PRNewswire/ -- FMC Technologies, Inc. and Technip today announced that Forsys Subsea, a 50/50 joint venture, has received all regulatory approvals. The parties closed the transaction making Forsys Subsea operational on June 1, 2015.

Forsys Subsea is a joint venture formed as part of a broader alliance between FMC Technologies and Technip that unites the skills and capabilities of two subsea leaders to redefine the way subsea fields are designed, delivered and maintained.

By combining the industry-leading technologies of the parent companies, Forsys Subsea will reduce the interfaces of the subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS). It will also simplify the seabed layout, thereby reducing complexity, accelerating time to first oil, and enabling higher sustainable field production. This unique combination will drive a new, step-change approach to how equipment designs and installation methods converge in a new generation of subsea architecture.

Forsys Subsea CEO, Rasmus Sunde said, "With Forsys Subsea we are launching an exciting and compelling business proposition by providing front-end engineering and life-of-field decision support to our customers. Based on this, we will enable customers to take advantage of lower costs, reduced execution time and execution risks, and higher uptime of the installed base by leveraging the combined technologies and execution capabilities of the parent companies."

The company is headquartered in London, with regional hubs in Houston, Oslo, Paris, Rio de Janeiro and Singapore.

The Forsys Subsea leadership team includes Rasmus Sunde (FMC Technologies) as CEO, Alain Marion (Technip) as Chief Technology Officer, Arild Selvig (FMC Technologies) as Senior Vice President and Head of Front-End Engineering, and Gerald Bouhourd (Technip) as Senior Vice President and Head of Life of Field.

Visit www.forsys-subsea.com for more information.

 

 

 

About FMC Technologies
FMC Technologies, Inc. FTI is the global market leader in subsea systems and a leading provider of technologies and services to the oil and gas industry. We help our customers overcome their most difficult challenges, such as improving shale and subsea infrastructures and operations to reduce cost, maintain uptime, and maximize oil and gas recovery. Named by Forbes® Magazine as one of the World's Most Innovative Companies in 2013, the company has approximately 20,000 employees and operates 24 production facilities in 14 countries. Visit www.fmctechnologies.com or follow us on Twitter @FMC_Tech for more information.

Public Relations
Patrick Kimball, +1 281-405-6178, patrick.kimball@fmcti.com 

Investor Relations
Bradley Alexander, +1 281-405-6345, bradley.alexander@fmcti.com

About Technip
Technip is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Technip shares are listed on the Euronext Paris exchange and traded in the USA on the OTCQX marketplace TKPPY.

Public Relations


Laure Montcel

Tel. +33 (0) 1 49 01 87 81

Delphine Nayral

Tel. +33 (0) 1 47 78 34 83 - E-mail: press@technip.com



Investor and Analyst Relations


Kimberly Stewart

Tel. +33 (0) 1 47 78 66 74 - E-mail: kstewart@technip.com

Aurelia Baudey-Vignaud

Tel. +33 (0) 1 85 67 43 81 – E-mail: abaudeyvignaud@technip.com

Michele Schante

Tel. +33 (0) 1 47 78 67 32 - E-mail: mschante@technip.com



More information


Website

http://www.technip.com

Twitter

@TechnipGroup

Photo - http://photos.prnewswire.com/prnh/20150601/219866

Photo - http://photos.prnewswire.com/prnh/20150601/219865

Logo - http://photos.prnewswire.com/prnh/20081222/LAM028LOGO

Logo - http://photos.prnewswire.com/prnh/20150601/219864LOGO

Logo - http://photos.prnewswire.com/prnh/20150601/219863LOGO

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fmc-technologies-and-technip-complete-forsys-subsea-300091950.html

SOURCE FMC Technologies, Inc.

Loading...
Loading...
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...