FMC lands $75MM ConocoPhillips subsea contract for Ekofisk field

Source: FMC Technologies

FMC Technologies, Inc. (NYSE:FTI) announced that its subsidiary, FMC Kongsberg Subsea AS, has signed an agreement with ConocoPhillips Scandinavia AS for the manufacture and supply of subsea equipment and services for a water injection development in the Ekofisk field. The award has a base value of approximately $75 million and is subject to Norwegian Parliament approval of the Plan for Development and Operation (PDO). 

FMC's scope of supply includes eight subsea water injection trees and wellheads, two manifolds and control systems, with options for an umbilical and additional controls. The equipment will be engineered and manufactured at FMC's facilities in Kongsberg, Norway and Dunfermline, Scotland. Deliveries are scheduled to commence in the first quarter of 2012.

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