Press release

FutureOn® Only Digital Solution to Win 2019 OTC Spotlight on New Technology Award

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Offshore Technology Conference (OTC) names FutureOn, the producer of
FieldAP™ – a FieldTwin™ platform application – a 2019 Spotlight on New
Technology® Award recipient. Industry leaders Equinor, McDermott
and Subsea 7 rely on FieldAP to support their field development planning
process – reducing both risk and saving time in their decision-making,
while embarking on their companies’ digital futures.

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FutureOn®, the producer of FieldAP™— a FieldTwin™ platform application, is a 2019 OTC Spotlight on N ...

FutureOn®, the producer of FieldAP™— a FieldTwin™ platform application, is a 2019 OTC Spotlight on New Technology® Award recipient. FieldAP is a cloud-based digitalization technology for subsea field development. (Graphic: Business Wire)

FutureOn successfully partnered with Equinor which has provided valuable
contributions during the development and maturation of FieldAP. The
partnership includes evaluation of the core capabilities by developing
real offshore project concepts over the last two years.

The OTC Spotlight on New Technology Award showcases cutting-edge
technologies solving real subsea industry problems, today and beyond.

“Being a Spotlight on New Technology Award winner is a coveted industry
honor,” said Paal Roppen, CEO of FutureOn. “This award further validates
FieldAP, our sector-savvy data visualization application which helps our
customers significantly reduce the time to first oil.”

FieldAP,the first cloud-based data visualization application for subsea
field development, securely drives workflow transparency and real-time
collaboration between all relevant stakeholders. Regardless of location,
FieldAP ensures project managers and engineers have the most current and
updated subsea field designs in both 2D and 3D. Through its open API,
FieldAP integrates with powerful engineering programs, enabling
sophisticated data modeling and engineering simulations within the
digital field environment.

The Spotlight on New Technology Award is highly competitive, with
submissions scrutinized and vetted by a panel of subject matter experts.
“We are very proud, at this special Golden Anniversary of OTC, to
present these 18 Spotlight on New Technology Award outstanding
winners. They are proof that the highway of the future in offshore
development is being paved by innovations,” said OTC 2019 Board of
Directors Chairman Wafik Beydoun.

About FutureOn®

Headquartered in Oslo, Norway with a U.S. office in Houston, FutureOn®
is a digital technology innovator enabling customers to see more
possibilities for their subsea assets and begin to make more
forward-thinking choices. For more information about FutureOn, visit: www.futureon.com
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