HOUSTON, Feb. 25 /PRNewswire-FirstCall/ -- FMC Technologies, Inc. announced today that it has signed an agreement with Total Exploration and Production Angola for the manufacture and supply of subsea production equipment. The award has a value of approximately $65 million in revenue to FMC Technologies.
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The equipment will support Total Angola's Block 17 development, located offshore Angola, West Africa. FMC's scope of supply includes the manufacture of subsea trees, controls and associated equipment. The systems will be manufactured and assembled at FMC's facilities in Dunfermline, Scotland; Kongsberg, Norway; and Luanda, Angola. Deliveries are scheduled to commence in the first quarter of 2011.
"FMC has supported a number of Total's projects in Block 17, including Girassol, Rosa and Pazflor," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems, "and we are pleased to continue our support of their deepwater efforts with today's announcement."
FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. The Company has approximately 10,400 employees and operates 25 production facilities in 15 countries. FMC Technologies 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. For more information, visit http://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, 2008 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.
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FMC Technologies, Inc.
CONTACT: Investors, Rob Cherry, +1-281-591-4560, or Media, Ellen Bates,
+1-281-445-6559, or Michael King, +1-281-931-2540, all of FMC Technologies,
Inc.
Web Site: http://www.fmctechnologies.com/
