FMC Technologies and Technip to launch Forsys Subsea
FMC Technologies Inc. and Technip will launch Forsys Subsea, a 50/50 joint venture that will address the way subsea fields are designed, delivered, and maintained.
Forsys Subsea aims to use the combine the experience of its parent companies to reduce the cost of subsea field development and provide the technology to maximize well performance over the life of the field.
By combining its parent companies’ technologies, the company aims to reduce the interfaces of the subsea umbilical, riser, and flowline systems (SURF) and subsea production and processing (SPS) systems. It also plans to simplify the seabed layout, to reduce complexity, accelerate time to first oil, and maximize sustainable peak production.
Forsys Subsea will focus on:
- Early involvement in the concept selection phase of front-end engineering and design.
- Integrated life-of-field well surveillance, monitoring, data interpretation, and advisory services.
- Joint research and development to drive technological innovations that will boost efficiency and further reduce development costs.
In addition, the alliance says it will be positioned to deliver and install subsea infrastructure from seabed to topsides by eliminating interfaces and by integrating SPS with SURF.
After closing and upon launch of the joint venture, Forsys Subsea will have a workforce of 320 people and will be supported by the 58,000 employees of FMC Technologies and Technip. 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, Arild Selvig (FMC Technologies) leading front-end engineering, and Gérald Bouhourd (Technip) leading life of field.
The transaction is subject to regulatory approvals and other customary closing conditions.