Two of the modules include the: “We agree and believe that the current model of proprietary equipment with challenging interfaces is not the model benefiting all parties—which should be the driver: how to benefit both customers and partners,” Lovland added. Subsea technology company Optime Subsea Services and Norwegian engineering company Telemark Technologies are merging, with Norwegian investment company Holta Invest being a significant shareholder. Optime Subsea Services, as the merged companies are now known, will create a cost-effective modular wells completions system for the offshore oil and gas industry. The new company, which is based in Oslo, has been operating since January 2014 under its current name of Optime. It is expected to be completed by the end of 2017.
Subsea technology company Optime Subsea Services and Norwegian engineering company Telemark Technologies are merging, with Norwegian investment company Holta Invest being a significant shareholder. Optime Subsea Services, as the merged companies are now known, will create a cost-effective modular wells completions system for the offshore oil and gas industry. The new company, which is based in Oslo, has been operating since January 2014 under its current name of Optime. It is expected to be completed by the end of 2017.