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PETRONAS Research and Technology Ventures sign Heads of Agreement for technological collaboration

This collaboration will leverage all parties' best technology, 

Technip fmc

KUALA LUMPUR, October 31, 2017 — TechnipFMC together with PETRONAS Research Sdn Bhd (PRSB) and PETRONAS Technology Ventures Sdn Bhd (PTVSB), both subsidiaries of Petroliam Nasional Berhad (PETRONAS), signed a Tripartite Heads of Agreement recently.

This collaboration 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 stated in his speech at the signing ceremony “Even before today’s event which formalizes the collaboration between the two parties, we have been working closely with PETRONAS since the early 80s in Malaysia, delivering many groundbreaking solutions, and recently, the world’s first Floating LNG- PETRONAS FLNG SATU.” 

He added “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 Tripartite Heads of Agreement 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.

 

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