FMC Technologies Receives $47 Million Subsea Equipment Order for Statoil's Tyrihans Field

abarrelfullabarrelfull wrote on 09 Apr 2013 05:53
Tags: europe fmc norway services statoil


FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from Statoil (NYSE: STO) for additional subsea equipment for the Tyrihans field. The order has an estimated value of $47 million in revenue.

The Tyrihans field is located in the Norwegian Sea in water depths of 984 feet (300 meters). This order covers the supply of subsea trees and choke modules and is scheduled for delivery in 2014.

"FMC Technologies has been working with Statoil on the Tyrihans project since early in 2006," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We are pleased to continue delivering solutions to Statoil that help solve the ongoing challenges on the Norwegian Continental Shelf.


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