Despite the rocky financial environment, FMC Technologies has maintained its investments in research and development.
“All the R&D we have, except for (high-pressure, high-temperature), is focusing on designing away costs from our systems,” says Tore Halvorsen, senior vice president for global subsea production systems.
While some companies may have slashed R&D funding levels to survive low oil prices, FMC Technologies (FMCTI) is betting R&D will help the company prepare for the future in two ways.
