FMC Technologies, Inc. announced today that it has signed a contract with BP for the manufacture and supply of subsea equipment for the BP and Sonangol Sinopec International Block 18 field development, located offshore Angola. The contract is valued at approximately $140 million in revenue for FMC.
FMC's scope of supply includes one gas export regulation manifold, foundations and controls, a high-integrity pressure protection system, chokes and two pipeline end manifolds. The equipment will be manufactured in Angola and at FMC's Kongsberg, Norway facility. Deliveries will commence in 2009.
"For several years FMC has worked closely with BP, which operates Block 18, to develop technologies and solutions for this project," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "Today's announcement 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. 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. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 10,000 employees and operates 23 manufacturing facilities in 19 countries.
Source: FMC Technologies, Inc.
FMC's scope of supply includes one gas export regulation manifold, foundations and controls, a high-integrity pressure protection system, chokes and two pipeline end manifolds. The equipment will be manufactured in Angola and at FMC's Kongsberg, Norway facility. Deliveries will commence in 2009.
"For several years FMC has worked closely with BP, which operates Block 18, to develop technologies and solutions for this project," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "Today's announcement 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. 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. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies has approximately 10,000 employees and operates 23 manufacturing facilities in 19 countries.
Source: FMC Technologies, Inc.
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