Global energy software company FutureOn appoints new CEO
FutureOn, the global energy software company, has appointed Stig Wølstad-Knudsen as CEO. The appointment strengthens FutureOn's leadership team and reputation as a trusted technology partner for the energy sector while positioning for international growth.
Mr Wølstad-Knudsen joins FutureOn from industrial software company Kongsberg Digital, where he held the role of VP Products. His previous experience includes senior positions at Weatherford and Halliburton.
Stig Wølstad-Knudsen, CEO at FutureOn
With an extensive background in real-time operations and development of technology for the energy sector, Mr Wølstad-Knudsen will focus on facilitating global opportunities for FutureOn's innovative digital design and decision-making platform, FieldTwin.
Long established within the oil and gas sector, FieldTwin enables operators to bring assets online quickly, safely and efficiently through collaborative workflows with optimized data-led decision-making. FieldTwin has already proven itself as a powerful platform for the development of oil and gas fields, and it has started to deliver value to offshore wind projects.
Mr Wølstad-Knudsen said: "FutureOn's greatest strength is its people. This is demonstrated in the impressive technological foresight our expert team had in developing the FieldTwin platform, and their infinity game approach to continual development of our digital twin technology to be ahead of the energy transition curve.
"This growth mindset enables us to explore new opportunities within the traditional oil and gas industry as well as the burgeoning renewable energy sector, putting us in a strong position to develop new and existing relationships.
"The energy sector needs to respond to global challenges – balancing the pressure to bring assets online quickly with managing energy affordability, sustainability and security. FieldTwin addresses those challenges by empowering project teams with context data that smartly sustains critical and faster decisions.
"Our recent substantial contract wins, including a multi-year contract with Brazilian oil and gas major Petrobras to license FieldTwin for its subsea operations, is a prime example of the reputation FutureOn holds in the global energy industry, and of the international growth we strive to continue."
FutureOn has further positioned itself for international growth with the appointment of Rodrigo Ferraz to the newly created role of Head of Market Development Latin America. A business consultant specializing in the digital transformation of companies in the energy sector, Mr Ferraz has been FutureOn's local agent in Brazil for the past three years and will focus on growing FutureOn's presence in the region.
Mr Wølstad-Knudsen added: "Rodrigo's appointment comes at an exciting time for the Latin America energy market. Activity in the Guianas and Suriname is skyrocketing, and there are also significant opportunities within the traditional Mexican, Colombian and Argentinian markets.
Rodrigo Ferraz, Head of Market Development Latin America
"These opportunities are against a background of a relatively early-stage digital transformation journey. Like other emerging economies, Latin America is open to new and agile ways of working because it is necessary for growth. Operators in this region understand that digitalization will unlock future success - and deliver it at the rapid pace required."
Last month, Kongsberg Digital announced it had significantly increased its investment in FutureOn, building on the strong and established relationship between the two companies.
For more information, visit: https://www.futureon.com/
For further information please contact:
Amy Guyan, Senior Communication Advisor, Aspect: The Strategic Communication Experts
amy.guyan@weareaspect.com // +44 (0)7735 892413
About FutureOn
Experts in data visualization, FutureOn emerged from Xvision in 2016 to become a standalone provider of state-of-the-art visual engineering for the global energy sector. The company transforms the performance of complex capital projects with cutting-edge visualization and collaboration technology enabling the energy industry transition to Net Zero.
FutureOn is proud to offer its global customer base industry-leading software solutions to create digital twins that deliver a complete asset visualization and integrated data model that unlocks value through increased efficiency, improved safety, reduced costs, risk mitigation, lower emissions and increased uptime.
