FMC Technologies and Technip signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will 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, reducing complexity, accelerating time to first oil, and maximising sustainable peak production. Forsys Subsea will focus on early involvement in the concept selection phase of front-end engineering and design, when ability to influence cost is greatest, and on integrated life-of-field well surveillance, monitoring, data interpretation and advisory services. The joint R&D is expected to drive technological innovations that will boost efficiency and further reduce development costs.
Photo courtesy of FMC
The company will be headquartered in London, with regional hubs in Oslo, Houston, Paris, Rio de Janeiro and Singapore. The leadership team of Forsys Subsea will include Rasmus Sunde (FMC Technologies) as CEO, Alain Marion (Technip) as Chief Technology Officer (CTO), Arild Selvig (FMC Technologies) leading front-end engineering and Gérald Bouhourd (Technip) leading life of field.
FMC Technologies and Technip will have 50/50 ownership of Forsys Subsea.
