FMC Technologies, Inc. (NYSE:FTI) announced today that it has signed a
five-year extension to its existing five-year frame agreement with
Woodside Energy Limited in Australia. Under the agreement, FMC
Technologies will provide subsea tree systems for the next five years,
and associated aftermarket services for the next six years, with options
to extend the agreement to ten years.
“Woodside has been a major customer of FMC’s
for the last fifteen years and a frame agreement partner since 2003,”
said Tore Halvorsen, Senior Vice President of Global Subsea Production
Systems at FMC Technologies. “Under the prior
frame agreement, we manufactured and supplied more than 65 subsea tree
systems to support their developments and we are excited about the
opportunity to continue to provide our subsea technology and offshore
support services.”
Mr. Halvorsen added that Woodside is the largest liquid natural gas
(LNG) operator in Australia and has an expanding portfolio of potential
offshore projects, including expansion of its $12 billion Pluto LNG
project, as well as its Browse and Sunrise developments.
“Woodside plans to be a leading, global
supplier of LNG by 2015. This agreement, which is expected to position
FMC to supply more than 80 subsea tree systems, will support their
efforts while enhancing FMC’s local
capabilities in Australia.”
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.
Investors: Rob Cherry, 281-591-4560
Media:
Ellen Bates, 281-445-6559 or
Michael King, 281-931-2540
