PRSB, PTVSB sign agreement

13 November 2017

TechnipFMC together with PETRONAS Research Sdn Bhd (PRSB) and PETRONAS Technology Ventures Sdn Bhd (PTVSB), both subsidiaries of Petroliam Nasional Berhad (PETRONAS), signed a Tripartite Heads of Agreement recently.

This 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.

The Tripartite Heads of Agreement is a technological collaboration between TechnipFMC, PRSB and PTVSB. TechnipFMC, as a strategic partner in the collaboration, will have joint ownership of potential foreground intellectual properties arising from the collaboration.