FMC Technologies, Inc. (NYSE:FTI) announced today that it has received
an award to supply the subsea production system for Petrobras’
(NYSE: PBR, PBRA) Tambaú gas field.
The award has a value of approximately $140 million in revenue to FMC
Technologies.
The subsea production system, rated at 10,000 psi, will be installed in
approximately 4,400 feet (1,350 meters) of water in the Santos Basin
offshore Brazil. FMC Technologies’ primary
scope of supply includes four vertical subsea trees, with an option for
two additional trees, as well as manifolds, controls and associated
equipment. The project will be engineered and manufactured at FMC
Technologies’ facility in Rio de Janeiro.
Deliveries are expected to commence in the fourth quarter of 2009.
“We are delighted to continue supporting
Petrobras with their projects,” said John
Gremp, FMC Technologies’ Executive Vice
President of Energy Systems. “Our operation
has supplied the largest portion of Petrobras’
currently installed subsea equipment offshore Brazil. Including today’s
announcement, Petrobras has now awarded our Brazilian operation more
than 300 subsea trees and 21 subsea manifolds integrated with multiplex
controls.”
Through its FMC CBV Subsea business in Brazil, FMC Technologies has been
supplying subsea solutions for the Brazilian oil industry since 1961.
With two facilities in Rio de Janeiro and one service base in Macaé,
FMC Technologies’ capabilities in Brazil
include local engineering, project management, manufacturing,
integration testing, installation and customer support.
FMC Technologies, Inc. (NYSE:FTI) 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.
This release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are information of a non-historical nature and are subject to
risks and uncertainties that are beyond the Company's ability to
control. These risks and uncertainties are described under the caption “Risk
Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2007 and may
be modified in subsequent quarterly reports filed by the Company with
the Securities and Exchange Commission that may be accessed on the
Company’s website. The Company cautions
shareholders and prospective investors that actual results may differ
materially from those indicated by the forward-looking statements.
FMC Technologies, Inc., Houston
Investors: Rob Cherry, 281-591-4560
or
Media:
Ellen Bates, 281-445-6559
