FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Total E&P Angola for additional subsea equipment for the Pazflor field. The contract has an estimated value of $33 million in revenue.
The Pazflor field is located in Block 17 offshore Angola. The initial subsea systems delivered to Total for the Pazflor field have been in operation for more than a year. FMC Technologies' scope of additional supply for complementary development under today's contract includes three additional subsea well systems.
"The Pazflor field recently celebrated its one-year anniversary of production," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We are pleased to continue our support of Total E&P Angola and the Pazflor project, which utilizes some of the industry's most advanced technologies including three subsea gas/liquid separation stations to address hydrate formation, heavy oil, and low reservoir pressure enabling increased oil and gas production."
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 16,100 employees and operates 28 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information, visit www.fmctechnologies.com.