Kongsberg forms partnership with KBC

Offshore staff

ASKER, NorwayKongsberg Oil & Gas Technologies AS and KBC Advanced Technologies plc (KBC) have agreed to collaborate more closely in a number of key areas focused on improving production solutions for upstream operators.

To reinforce the relationship, Kongsberg made an investment in the recent KBC share placing to demonstrate that it finds KBC’s growth strategy in upstream oil and gas appealing.

With their existing solutions for process simulation, flow assurance, thermodynamics, and production assurance, Kongsberg and KBC will be able to offer a more comprehensive lifecycle solution from concept selection to hydrocarbon transport systems. Kongsberg believes that KBC’s approach for flow assurance thermodynamics will be supported by the industry at large, and that the new investments KBC has made to integrate with reservoir and production technology over time are key to changing industry dynamics.

06/19/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...