Fincantieri & Technip JV for Offshore Market

Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A. and by Giuseppe Bono, CEO of Fincantieri.

This agreement follows the existing collaboration between the two companies which are bidding for the construction of a platform to be located offshore Sicily. This would represent an important opportunity for employment development in Sicily, where the joint team plans to build the platform’s topside.

Thus, the technical and commercial synergies between the two companies will be leveraged through a more effective integrated offer. In particular, the areas initially identified for the implementation of this cooperation include the joint development of vessels for the Oil and Gas offshore production, such as FPU (Floating Production Unit) and FRSU (Floating Regasification & Storage Unit).

The agreement also foresees the implementation of a strategic and commercial framework to address a common network of business development activities.