FMC Technologies Chosen to Supply Subsea Equipment for Petrobras

abarrelfull wrote on 06 Jul 2012 07:49
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April 20, 2005

FMC Technologies, Inc. (NYSE: FTI) announced today that it has been chosen to supply subsea equipment for Petrobras' projects in the Golfinho and Piranema fields, offshore Brazil. The total value of the contracts to FMC Technologies is approximately $30 million in revenue.

FMC Technologies' scope of supply for Petrobras includes 13 subsea trees. The subsea trees are designed for service in 6,562 feet (2,000 meters) of water depth.

"We are pleased to be chosen by Petrobras to provide subsea equipment for these new developments outside the Campos Basin," said Peter D. Kinnear, Executive Vice President - FMC Technologies. "These awards reflect our extensive experience as a subsea solutions provider offshore Brazil and our efforts to be the key supplier to the leading operator in this market."

Through its FMC CBV Subsea business unit, FMC Technologies has been supplying subsea solutions for the Brazilian oil industry since 1961. With facilities in Rio de Janeiro and Macae, FMC Technologies' capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation and customer support.

• FMC Technologies Chosen to Supply Subsea Equipment for Petrobras

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