Total Awards $80 Million Subsea Production System Option 3 of Girassol Resource Initiative to FMC Technologies

abarrelfull wrote on 21 Jan 2011 14:45
Tags: africa angola fmc offshore services total

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FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement (Option 3 - Girassol Infills) with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment to support the Girassol Resource Initiative (GirRI) project. The award has a value of approximately $80 million in revenue to FMC Technologies. The GirRI project has now reached a cumulative value of approximately $180 million in revenue to FMC.

Equipment supplied under Option 3 will support the Girassol field, located offshore Angola in the Gulf of Guinea. FMC's scope of supply includes the manufacture of three subsea production trees, six wellheads and assorted flowbase and jumper equipment. Deliveries are scheduled to commence in the fourth quarter of 2011.

"FMC has enjoyed a strong and productive relationship with Total, especially with their offshore projects in West Africa," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "We are pleased to continue our support of the Girassol field and their other Block 17 projects, including CLOV, Rosa and Pazflor."

FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 11,200 employees and operates 25 production facilities in 15 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information visit www.fmctechnologies.com.

• Total Awards $80 Million Subsea Production System Option 3 of Girassol Resource Initiative to FMC Technologies

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