Petronas subsidiaries ink agreement with TechnipFMC

Petroliam Nasional Bhd’s (Petronas) subsidiaries, Petronas Research Sdn Bhd (PRSB) and Petronas Technology Ventures Sdn Bhd (PTVSB), have signed a Tripartite Heads of Agreement with TechnipFMC recently to form rechnological collaboration.

In a statement, TechnipFMC said the 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.

“Even before today’s event which formalizes the collaboration between the two parties, we have been working closely with Petronas S since the early 80s in Malaysia, delivering many groundbreaking solutions, and recently, the world’s first Floating LNG- PETRONAS FLNG SATU,” TechnipFMC Asia Pacific subsea projects president Rune Thoresen said.

“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.”

TechnipFMC, as a strategic partner in the collaboration, will have joint ownership of potential foreground intellectual properties arising from the collaboration.