Kongsberg Oil & Gas Technologies AS, a wholly owned subsidiary of Kongsberg Gruppen ASA (KONGSBERG), and KBC Advanced Technologies plc (KBC), are delighted to announce that they will 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 sees that the new investments KBC has made to integrate with reservoir and production technology over time are key to changing industry dynamics. KONGSBERG is eager to support this integration strategy of process facilities to subsurface and surface production systems technology and this aligns directly with its own strategy.