FMC Technologies, Inc. (NYSE: FTI) announced today that it has been awarded a contract by Petrobras (NYSE: PBR, PBRA) to supply three subsea boosting stations for the Parque das Baleias development, located offshore Brazil's Espirito Santo state in the Campos Basin. The contract has an estimated value of $40 million.
"The Horizontal Boosting Station for the Parque das Baleias project is FMC Technologies' third implementation of this type of subsea boosting technology for Petrobras," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "FMC Technologies is happy to support Petrobras with solutions that increase oil recovery and extend the life of fields."
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.