FMC Technologies Chosen to Supply Hydro's Vega and Vega South Fields With Subsea Systems

abarrelfullabarrelfull wrote on 06 Jul 2012 14:11

March 29, 2007

FMC Technologies, Inc. (NYSE:FTI) announced today that it has been chosen to supply the subsea systems for Norsk Hydro's Vega and Vega South fields in the North Sea, offshore Norway. The contract has a value of approximately $200 million in revenue to FMC Technologies.

FMC Technologies' scope of supply includes six subsea trees, three manifolds with protection structures, related control systems and a workover system. The systems will be engineered and manufactured at the Company's facilities in Kongsberg, Norway, and Dunfermline, Scotland. Deliveries are scheduled for 2009.

"This contract reflects our extensive experience in the North Sea, as well as the strength of our alliance with Hydro," said John Gremp, Executive Vice President, FMC Technologies. "Through our industry-leading technology and collaborative business relationship, we are helping Hydro meet some of its most difficult subsea challenges on this and other projects."

The gas and condensate fields Vega and Vega South lie in 380 meters of water in the blocks 35/8 and 35/11 about 80 kilometers west of Floro in Sogn and Fjordane.

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