Woodside awards FMC Technologies a $180M subsea systems contract

FMC Technologies Inc. (NYSE: FTI) has signed an agreement with Woodside for the design, manufacture, and supply of subsea production systems for the Greater Western Flank Phase 2 (GWF-2) Project as part of the North West Shelf (NWS) Project in Western Australia.

The contract is valued at $180 million for FMC Technologies and includes: subsea production trees, wellheads, manifolds, subsea and topside controls, and flowline connection systems. Deliveries are expected to begin in 2016 and continue through 2018.

The GWF-2 Project is the fourth major gas development for the NWS Project in the last seven years and is expected to develop 1.6 trillion cubic feet of raw gas from its combined six fields using subsea infrastructure and 21.7 miles (35 kilometers) of 16-in. pipeline connecting to the existing Goodwyn A platform.

The GWF-2 Project is expected to begin production in 2019.

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