HOUSTON, June 22, 2015 /PRNewswire/ -- FMC
Technologies, Inc. (NYSE: FTI) announced today that it has received
an order from BP Exploration (Shah Deniz) Ltd. to supply subsea
production systems for Well Clusters 3-5 of the Shah Deniz Stage 2
project in the Caspian Sea. The order has an estimated value of
$297 million in revenue and is in
addition to the initial order for Well Clusters 1-2 received in
2014 from BP, the operator of the Shah Deniz Stage 2 project. The
Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea,
approximately 100km south of Baku.
"This award continues our multi-year support for BP on this
project," said Tore Halvorsen, FMC
Technologies' Senior Vice President, Subsea Technologies. "Our
close cooperation on this project has accelerated the transition to
the manufacturing stage and enabled us to reduce the lead time
delivering the project."
FMC Technologies, Inc. (NYSE: FTI) is the global market
leader in subsea systems and a leading provider of technologies and
services to the oil and gas industry. We help our customers
overcome their most difficult challenges, such as improving shale
and subsea infrastructures and operations to reduce cost, maintain
uptime, and maximize oil and gas recovery. Named by Forbes®
Magazine as one of the World's Most Innovative Companies in 2013,
the company has approximately 20,000 employees and operates 24
production facilities in 14 countries. Visit
www.fmctechnologies.com or follow us on Twitter @FMC_Tech
for more information.
This release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. The
word "estimated" and similar expressions are intended to identify
forward-looking statements, which are generally not historical in
nature. Such forward-looking statements involve significant
risks, uncertainties and assumptions that could cause actual
results to differ materially from our historical experience and our
present expectations or projections. Known material factors
that could cause our actual results to differ from those in the
forward-looking statements include the Company's ability to
successfully deliver, and BP's acceptance of, the subsea products
ordered. For additional information regarding known material
factors that could cause actual results to differ from projected
results, please see the Company's Annual Report on Form 10-K for
the year ended December 31, 2014, as
well as its other filings with the Securities and Exchange
Commission. The Company cautions you not to place undue reliance on
any forward-looking statements, which speak only as of the date
hereof. The Company undertakes no obligation to publicly
update or revise any of its forward-looking statements after the
date they are made, whether as a result of new information, future
events or otherwise.
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SOURCE FMC Technologies, Inc.