FMC Technologies, Inc. (NYSE:FTI) announced today that it has been chosen to supply subsea systems for the Moho Bilondo project, offshore Congo, West Africa. The contracts with Total have a total value of approximately $115 million in revenue to FMC Technologies.
FMC Technologies' scope of supply for the Moho Bilondo project includes 12 subsea trees and associated structures, manifolds, production control and intervention systems. Deliveries are scheduled to commence in early 2007 and to be completed by the end of that year.
"We appreciate the opportunity afforded us by Total and the Republic of Congo to provide technologically advanced subsea systems for this challenging project," said Peter D. Kinnear, Executive Vice President - FMC Technologies. "This will be the first deepwater project in this area of West Africa."
The Moho Bilondo Field is approximately 50 miles (80 kilometers) off the Congolese coast, in water depths ranging from approximately 1,770 to 2,430 feet (540 to 740 meters). Total is the operator and 53.5 percent interest owner within the framework of a production sharing contract with the Republic of Congo which also includes Chevron (31.5 percent) and Societe Nationale des Petroles du Congo (15 percent).