FMC Technologies and Technip form subsea giant

Oslo: Oil service giants FMC Technologies and Technip have signed a joint venture deal that will combine the two companies’ underwater skills. The new company’s name will be Forsys.

“The ambition is to redefine the way subsea fields are designed, delivered and maintained,” the pair wrote in a joint press release.

The new company will have 320 employees and will be headed by Rasmus Sunde. Another Norwegian, Arild Selvig, will be responsible for engineering. The headquarters will be in London while offices will be opened in Oslo, Houston, Paris, Rio and Singapore.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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