Total awards FMC $80MM subsea contract for Girassol offshore Angola

Source: FMC Technologies

FMC Technologies, Inc. (NYSE: FTI) has signed an agreement (Option 3 - Girassol Infills) with Total for the manufacture and supply of subsea production equipment to support the Girassol Resource Initiative (GirRI) project offshore Angola. 

The award has a value of approximately $80 million in revenue to FMC Technologies. The GirRI project has now reached a cumulative value of approximately $180 million in revenue to FMC. 

Equipment supplied under Option 3 will support the Girassol field, located offshore Angola in the Gulf of Guinea. FMC's scope of supply includes the manufacture of three subsea production trees, six wellheads and assorted flowbase and jumper equipment. Deliveries are scheduled to commence in the fourth quarter of 2011. 

"FMC has enjoyed a strong and productive relationship with Total, especially with their offshore projects in West Africa," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "We are pleased to continue our support of the Girassol field and their other Block 17 projects, including CLOV, Rosa and Pazflor."



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