KBC Advanced Technologies has signed a non-exclusive cooperation deal with Norway’s Kongsberg Oil & Gas Technologies.
The agreement will enable the pair to work on developing simulation software and more effective engineering and operations workflows for the oil and gas sector.
Andrew Howell, KBS chief executive, said “The market is demanding that oil and gas technology companies and suppliers develop innovative ways to create increased value in upstream field development planning, design and operations.
“With our combined technology suites and the depth in consulting capability of both of our strong brands, KBC and Kongsberg Oil and Gas together are uniquely positioned to deliver value and to support new ways to realise margin over field life.”
Financial details have not been disclosed.
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