FMC Technologies Awarded $150 Million Subsea Systems Contract for Greater Western Flank Phase 1 Project

abarrelfullabarrelfull wrote on 10 Jan 2012 07:08
Tags: australia fmc services woodside


FMC Technologies, Inc. (NYSE: FTI) announced today that its Australian subsidiary has signed an agreement with Woodside Energy Ltd. for the design, manufacture and supply of subsea production systems to support the Greater Western Flank (GWF) Phase 1 Project. The contract has a value of approximately $150 million in revenue to FMC Technologies.

The GWF Phase 1 Project will develop the Goodwyn GH and Tidepole fields, and represents the next major development for the Woodside operated North West Shelf Project. The GWF fields are located in water depths of 230 to 425 feet (70 to 130 meters). FMC's scope of supply includes six subsea production trees, six wellheads, two manifolds, subsea and topside controls and flowline connection systems. Deliveries are expected to commence in the second half of 2012 and continue through 2013.

"Greater Western Flank becomes the most recent addition to the many Woodside projects that FMC supports under our existing frame agreement," said Tore Halvorsen, FMC's Senior Vice President, Global Subsea Production Systems. "Today's announcement provides excellent opportunities for FMC as this project will continue to maximize the value of existing infrastructure and demonstrates additional investments in Australia's largest resource project."


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