FMC Technologies (NYSE: FTI) has signed a contract with Shell (NYSE:RDS-A) (NYSE:RDS-B) to supply subsea systems for the Parque das Conchas Phase II project.
FMC's scope of supply will include 11 subsea trees rated at 10,000 psi and two production manifolds. The company will also supply an artificial lift manifold containing four subsea gas/liquid separation and boosting modules, as well as related subsea controls. The subsea system will be engineered and manufactured at FMC Technologies' facility in Rio de Janeiro. Deliveries will occur in 2012.
Also known as the BC-10 Phase II development, the project is an expansion of the original block located offshore Brazil in water depths ranging from 5,000 to 6,500 feet (1,500 to 2,000 meters). FMC Technologies was awarded Phase I in 2006 and supplied the subsea systems, including separation and boosting modules to Shell.
"Phase I of this field came on-stream in July of 2009 and represented some significant technology advances in subsea separation," said John Gremp, President and Chief Operating Officer. "This includes our delivery of the industry's first subsea gas/liquid separation and boosting system. We're pleased to continue our strong alliance with Shell and to support their efforts offshore Brazil and in other international basins."