New billion-dollar subsea equipment order for FMC Technologies

Source:FMC Technologies, Inc.

FMC Technologies has received an order from Total Upstream Nigeria for subsea equipment for the Egina field.

FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Total Upstream Nigeria Ltd. for subsea equipment for the Egina field. The award has an estimated value of $1.2 billion.

The Egina field is located in Block OML 130 offshore Nigeria. FMC Technologies' scope of supply includes subsea trees and wellheads, manifolds, installation tooling, flowline connection systems, and associated control systems. The equipment is scheduled for delivery commencing in 2015.

"FMC Technologies is pleased to provide Total with the subsea systems required to develop the Egina field," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This significant project will be the largest subsea project to date in West Africa and is supported by our local content strategy as well as by recent expansions to our facilities in Lagos and Onne."

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 18,900 employees and operates 30 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.

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