Close

Search

News and press

KBC and Kongsberg Gruppen ASA announce strategic relationship

Jun 18, 2014

KBC, a leading provider of consulting and software solutions to the hydrocarbon processing industry, and Kongsberg Gruppen ASA 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 they find 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 their own strategy.

"The relationship between Kongsberg and KBC will ensure more open collaboration in the upstream oil and gas industry where KBC recognizes that Kongsberg's existing Lifecycle Simulation approach creates a strong base from which to deliver more complete solutions" commented Andrew Howell, Managing Director, Technology at KBC.

"Both companies bring significant consulting capability in technical and operational excellence which will be strengthened to empower oil and gas companies to achieve top level performance in human and asset capital" added Jon Starkebye, Senior Vice President Software & Services, Kongsberg Oil & Gas Technologies.

Whilst it is important for both companies to remain as independent technology and service providers for all oilfield service companies and to work with all of them to deliver value to the operators, Kongsberg recognizes the value that KBC has been able to deliver in the downstream refining and petrochemical market segments for many decades and looks forward to working with KBC to recreate similar value for upstream operations.

Share this

Related news articles

NEWS

KBC establishes Energy and Sustainability Co-Pilot hub in Singapore

Oct 22, 2018

The hub will reduce energy costs and emissions of Singapore-based companies by 10 per cent through delivery of energy management and optimization solutions and next generation analytics via the Cloud.

Read full article
NEWS

KBC announces availability of Chevron PETRO LP technology

Sep 4, 2018

The combination of PETRO with KBC’s world-class rigorous simulation and supply chain management technologies and services brings a new dimension to molecular management and value chain optimization for oil refinery and petrochemical operations planning.

Read full article
NEWS

KBC announces a strategic partnership with leading performance benchmarking firm, Phillip Townsend Associates, Inc.

Apr 12, 2018

The partnership brings together two leaders in the Energy and Chemical industry to help customers achieve performance gap closure faster in a more sustainable manner.

Read full article
View all news

Get the latest updates from KBC

Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.