FMC Technologies to supply workover system for Statoil

FMC Technologies Inc.

FMC Technologies Inc. (NYSE: FTI) has signed an agreement with Statoil for the manufacture and supply of a workover system to be installed on the Snorre B platform. The award has an approximate value of $114 million in revenue.

The new workover system will replace an earlier system, and will allow Statoil to perform intervention activities designed to increase performance and oil recovery from the field's subsea wells.

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