The Houston- based newcomer has been formed by a group of ex-FMC Technologies employees in association with subsea installation player DeepOcean.

Optime said its new multiCompletionSystem (mCS) technology “can limit operators’ capex and significantly lower their opex”.

The company, which provides services within subsea intervention, installation and workover operations, said that its solutions “can save $1 million to $2 million per vertical subsea tree installation”.

The