HOUSTON, Jan. 25, 2016 /PRNewswire/ -- FMC
Technologies, Inc. (NYSE: FTI) announced today that it signed an
agreement with Woodside for the design, manufacture and supply of
subsea production systems for the Greater Western Flank Phase 2
(GWF-2) Project as part of the North West Shelf (NWS) Project in
Western Australia. The contract is
valued at approximately $180 million
for FMC Technologies and includes: subsea production trees,
wellheads, manifolds, subsea and topside controls, and flowline
connection systems. Deliveries are expected to begin in 2016 and
continue through 2018.
"Our continued collaboration on the North West Shelf Project
further solidifies the 20-year relationship between FMC
Technologies and Woodside," said Tore
Halvorsen, Senior Vice President, Subsea Technologies. "This
development assists with the timely and efficient commercialization
of the project's gas reserves."
The GWF-2 Project is the fourth major gas development for the
NWS Project in the last seven years and is expected to develop 1.6
trillion cubic feet of raw gas from its combined six fields using
subsea infrastructure and 21.7 miles (35 kilometers) of 16 inch
pipeline connecting to the existing Goodwyn A platform.
The GWF-2 Project is expected to begin production in 2019.
About FMC Technologies
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 18,500
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 Woodside'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.