FMC Technologies receives subsea equipment order from Statoil

Source: FMC Technologies, Inc.
FMC Statoil

FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Statoil (NYSE: STO) for subsea equipment for the Oseberg Delta 2 Project. The order has an estimated value of $152 million in revenue.

FMC Technologies' scope of supply includes five subsea trees, five wellheads, two manifolds, control systems and other associated equipment. The order is the first option from the fast-track portfolio awarded as part of the Gullfaks South deal announced earlier this year. The equipment is scheduled for delivery in 2013 - 2014 and will be engineered and manufactured at FMC Technologies' facilities in Norway and Scotland.

"FMC Technologies began providing subsea equipment for the Oseberg Delta development in 2005," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We are pleased to be chosen to provide equipment and systems that will help Statoil further develop this field."

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