FMC wins $36MM Total call-off contract for Block 17 subsea equipment in Angola

Source: FMC Technologies

FMC Technologies, Inc. (NYSE: FTI) received a call-off order from Total Exploration & Production Angola (NYSE:TOT) for the manufacture and supply of additional subsea production equipment. The call-off is for one option included in an existing contract and has a value of approximately $36 million in revenue to FMC Technologies. 

The equipment will support Total E&P Angola's Block 17 development, located offshore Angola. FMC's scope of supply includes the manufacture of four 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. 

"Today's announcement reflects our continued support of Total's projects in Block 17," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "The zone includes the Girassol, Rosa and Pazflor fields, and we are pleased that our systems and technologies continue to contribute to Total's success."



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