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.
(NYSE: 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 (OTCQX:
TKPPY).
Public
Relations
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Laure
Montcel
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Tel. +33 (0) 1 49
01 87 81
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Delphine
Nayral
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Tel. +33 (0) 1 47
78 34 83 - E-mail: press@technip.com
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Investor and Analyst
Relations
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Kimberly
Stewart
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Tel. +33 (0)
1 47 78 66 74 - E-mail: kstewart@technip.com
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Aurelia
Baudey-Vignaud
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Tel. +33 (0) 1 85
67 43 81 – E-mail: abaudeyvignaud@technip.com
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Michele
Schante
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Tel. +33 (0)
1 47 78 67 32 - E-mail:
mschante@technip.com
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More
information
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Website
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http://www.technip.com
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Twitter
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@TechnipGroup
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SOURCE FMC Technologies, Inc.