TechnipFMC is now operating as a unified, combined company following the completion of the US$13 billion merger of FMC Technologies and Technip.

Beyond today’s pressures on the oil and gas industry, hard-to-reach resources cannot be fully developed unless there is significant and sustainable improvement in project economics. Change is needed, now more than ever, the newly formed company says.

“TechnipFMC is well-placed to meet the challenge and lead this change. By bringing together complementary skills and innovative technologies, the company can boost efficiency, lower costs, and accelerate schedules,” says TechnipFMC.

Its offerings encompass concept to project delivery and beyond that include individual operations or end-to-end solutions. TechnipFMC says it is positioned to transform project economics across subsea, onshore/offshore and surface, and lay the foundation for sustainable success.

“This is a transformational day for TechnipFMC and our employees,” said Thierry Pilenko, executive chairman of TechnipFMC. “As one company, we can make oil and gas projects more viable, driving value for our clients and shareholders. With an unmatched commitment to innovation and efficiency, TechnipFMC will advance the creation of cost-efficient solutions for years to come.”

Formed through the combination of two companies with complementary capabilities and technologies, the company builds on early involvement and integrated solutions to simplify field architectures and decision-making. TechnipFMC believes in innovation, smarter design, and seamless ways of working, the company says.

Doug Pferdehirt, TechnipFMC CEO says, “With our merger complete, TechnipFMC is uniquely positioned to unlock possibilities for our clients to transform their project economics. We will do this by inspiring a culture of challenging conventions and finding new and better ways of doing things. I am honored to lead our combined team of talented employees and look forward to our future as TechnipFMC.”

TechnipFMC says it is moving forward with a purpose to bring together the scope, know-how, and determination to transform its clients’ project economics and a vision to enhance the performance of the world’s energy industry.

“We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources,” TechnipFMC says. “Each of our 44,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.”

In early December, shareholders of both companies voted to approve the merger, which was first announced in May 2016.

Source: www.oedigital.com