FMC Technologies Awarded $87 Million Contract for StatoilHydros Norne Fieldadmin
FMC Technologies, Inc. announced that it signed a contract with StatoilHydro for the manufacture and supply of additional subsea equipment for its Norne field development, located in the Norwegian Sea. The contract, valued at approximately $87 million in revenue, is a call-off from a frame agreement that was originally signed in 2007.
FMC’s scope of supply includes four subsea trees, one four-slot manifold system and associated wellheads, tubing hangers and related control and communication systems. All equipment will be manufactured at FMC’s Kongsberg, Norway and Dunfermline, Scotland operations with deliveries expected to commence during 2009.
“FMC and StatoilHydro have worked closely to develop technologies and solutions for a number of fields through the years,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. “Today’s announcement is the third contract that we’ve signed this month with StatoilHydro and it strengthens our relationship as we continue to develop and deploy innovative technologies.”
FMC Technologies, Inc. (NYSE:FTI – News) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. The Company also produces food processing equipment for the food industry and specialized equipment to service the aviation industry. Named by FORTUNE Magazine as America’s Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies employs approximately 13,000 people and operates 33 manufacturing facilities in 19 countries. For more information visit www.fmctechnologies.com.
FMC Technologies, Inc. Investors Rob Cherry, 281-591-4560 or Media Ellen Bates, 281-445-6559 or
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Source: FMC Technologies, Inc.