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TechnipFMC, Petronas agree technology partnerhsip

TechnipFMC, Petronas agree technology partnerhsip

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01 November 2017

TechnipFMC and Petronas have signed a tripartite heads of agreement (THoA) to "leverage" their respective resources in areas including enhanced oil recovery and unmanned equipment.

The collaboration, involving Petronas Research and Petronas Technology Ventures, will leverage all parties' best technology, expertise, personnel, assets and facilities in areas such as gas separation technology, desanding and sand disposal, enhanced oil recovery solutions, unmanned equipment, and operations.

Rune Thoresen, President Subsea Projects Asia Pacific, TechnipFMC said: "Even before today’s event [agreement], which formalizes the collaboration between the two parties, we have been working closely with Petronas since the early 1980s in Malaysia, delivering many groundbreaking solutions, and recently, the world’s first Floating LNG- Petronas FLNG SATU.

"I’m confident that the synergies forged from our strong presence, delivery and relationship with PETRONAS would give us a head start in the first front end engineering design (FEED) execution under this agreement.”

The THoA is a technological collaboration between TechnipFMC, PRSB and PTVSB. TechnipFMC, as a strategic partner in the collaboration, will have joint ownership of potential foreground intellectual properties arising from the collaboration.