FMC Technologies receives subsea equipment order for Baobab field

Source:FMC Technologies, Inc.

FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from CNR International Ltd. (NYSE: CNQ) for subsea equipment for the Baobab field.

The Baobab field is located in Block CI-40 West Africa approximately 16 miles (25 kilometers) offshore from the Ivory Coast. FMC Technologies' scope of supply includes six subsea trees, eight wellheads, three manifolds, and a Subsea Control System including subsea distribution systems and associated topside control systems. The equipment is scheduled for delivery in 2014.

"FMC Technologies is pleased to support CNR International in its ongoing development of the Baobab field," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This subsea production system provides CNR International with the subsea technologies needed to enable further development of the field."

CNR International is the operator in the CI-40 block and is partnered with Svenska Petroleum and Petroci, the Ivorian National Oil Company.

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