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    Fincantieri and Technip sign MOU

    News // November 10, 2014

    Fincantieri and Technip in Italy have signed a Memorandum of Understanding (MOU) which aims to increase their joint competitiveness by starting to address the Italian and Mediterranean Sea offshore markets.

    The agreement was signed by Marco Villa, CEO of Technip Italy and Giuseppe Bono, CEO of Fincantieri.

    The 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 platformís topside.

    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 oil and gas offshore production, such as FPUs and FRSUs.

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


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