FMC Technologies Awarded $75 Million Roncador Module III Contract
February 10 2009 - 4:00PM
PR Newswire (US)
Project Will Incorporate FMC's All-Electric Technology in Brazilian
Waters HOUSTON, Feb. 10 /PRNewswire-FirstCall/ -- FMC Technologies,
Inc. (NYSE: FTI) announced today that it has received an award from
Petrobras (NYSE:PBRNYSE: PBRA) to engineer and manufacture four
subsea manifolds and controls for its Roncador Module III project.
This project will also incorporate FMC's All-Electric technology in
Brazilian waters. The contract is valued at approximately $75
million in revenue for FMC. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO) FMC's
scope of supply consists of two, six-slot subsea manifolds to
distribute gas lift injection to 12 wells. These manifolds will
also contain 12 subsea control modules that will provide
electro-hydraulic functions to operate the manifolds and subsea
trees. The company will also supply two additional manifolds for
water injection that will utilize FMC's proprietary All-Electric
actuators for the operation of the chokes. The equipment will be
engineered and manufactured at FMC Technologies' facility in Rio de
Janeiro with deliveries expected to commence in 2010. "We are
pleased that a leading operator, Petrobras, recognizes the value of
our All-Electric technology and our subsea systems," said John
Gremp, Executive Vice President of FMC Technologies. "We have
manufactured systems for Petrobras' Roncador field since 1999, and
to date we have supplied all three existing subsea manifolds as
well as related controls and equipment." FMC Technologies' products
have been present in the Brazilian oil industry since 1961, and the
company's operations in Brazil have supplied subsea solutions to
the region since 1978. With two facilities in Rio de Janeiro and
one service base in Macae, FMC's capabilities in Brazil include
local engineering, project management, manufacturing, integration
testing, installation and customer support. FMC Technologies, Inc.
(NYSE:FTI) is a leading global provider of technology solutions for
the energy industry. The Company 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. Named by FORTUNE
Magazine as America's Most Admired Oil and Gas Equipment, Service
Company in 2005, 2006 and 2008, FMC Technologies has approximately
10,000 employees and operates 23 manufacturing facilities in 19
countries. For more information visit
http://www.fmctechnologies.com/. This release contains
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
information of a non-historical nature and are subject to risks and
uncertainties that are beyond the Company's ability to control.
These risks and uncertainties are described under the caption "Risk
Factors" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2007 and may be modified in subsequent quarterly
reports filed by the Company with the Securities and Exchange
Commission that may be accessed on the Company's website. The
Company cautions shareholders and prospective investors that actual
results may differ materially from those indicated by the
forward-looking statements.
http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO
http://photoarchive.ap.org/ DATASOURCE: FMC Technologies, Inc.
CONTACT: investors, Rob Cherry, +1-281-591-4560, or media, Ellen
Bates, +1-281-445-6559, or Michael King, +1-281-931-2540, all of
FMC Technologies, Inc. Web Site: http://www.fmctechnologies.com/
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