The Big Player

FMC Technologies is still a driving force within the Norwegian subsea industry. Much of their success is due to the emphasis on in-house competency and technological developments. This is a strategy that is to be continued in the future.

Published: 24 June 2015
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Rasmus Sunde, CEO FMC Kongsberg Subsea AS

Recent years have seen a lot of changes in the subsea industry. These changes have been interpreted differently in different sections of the industry. How does FMC Technologies regard recent developments?

- The development in the subsea market has been characterized by progress in innovation and technology, extensive collaboration between operator and supplier at the developmental stages and the internationalisation as well as maturation of the market, says Rasmus Sunde, CEO of FMC Kongsberg Subsea AS.

Time for Innovation

What kind of adaptability is required in a changing oil and gas market? Will the commission that FMC Technologies take on change in character?

- In an age with low oil prices, strong capital discipline and client cost control we as suppliers are required to follow up with an innovative and fresh approach to how we do things. A willingness to initiate joint programmes with our customers to implement cost-effective solutions – both in projects and operations – is currently our top priority, says Sunde.

It has been decisive for us to be at the forefront when it comes to innovation and new technology

Maintaining Our Position

FMC Technologies has remained in the upper echelons of the subsea industry. What is its key strategy?

- It has been decisive for us to be at the forefront when it comes to innovation and new technology. We have also focused on attracting the best ‘heads’ in the industry. Moreover, building solid customer relations and partnerships, in addition to continuously delivering strong financial results, have been crucial factors in the maintenance of our position, Sunde states.

Long Lines

The FMC Technologies we see today springs from Kongsberg Weapons Factory (KV), which established an oil division in 1974. From 1986 onwards this was known as Kongsberg Offshore.

- In 1987 Kongsberg Offshore was sold to Siemens, who again sold the business to FMC Corporation in 1993. In 2000 the company was divided into two separate entities, namely FMC Corporation and FMC Technologies. FMC Technologies has been listed on the New York Stock Exchange since 2001, Rasmus Sunde says.

FMC Technologies new CEO Rune Thoresen took up his position on the 15th April 2015.

This article was first published in the NCE Subsea supplement to Dagens Næringsliv, distributed 13 May 2015.

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