Total and FMC Technologies team up for technology development
- Business & Finance
FMC Technologies and Total have signed a Frame Agreement for technology development. The purpose of this Frame Agreement is to define the R&D relationship and to create a framework for collaborative and innovative projects.
The goals of the agreement are to enable an environment where the parties can work together to tackle industry technical challenges and to reduce time to market for subsea technology.
“This is a very positive event that reinforces our common intention of increased collaboration to face challenges in the industry today and in the years to come. Working closely with our customers is critical to maintaining technology leadership and working with Total is especially exciting. We look forward to doing great work together,” says Christina Johansen, Director Technology FMC Technologies Eastern Region.
According to the press release, the Frame Agreement will include joint projects, be managed by a Steering Committee and technology workshops will be actively used to facilitate the work.