FMC Technologies Awarded $68 Million Tooling Contract for StatoilHydro’s Åsgard Field

FMC Technologies, Inc. (NYSE:FTI) announced today that it has been awarded a contract from StatoilHydro for the manufacture and supply of additional subsea equipment for its Åsgard field located in the Norwegian Sea. This contract, valued at approximately $68 million in revenue, is a call-off from a previously announced frame agreement signed in 2007 with FMC Technologies.

FMC’s scope of supply includes two completion workover intervention tooling systems that will be delivered during 2009. The equipment will be manufactured at FMC's Kongsberg, Norway and Dunfermline, Scotland facilities. The systems will help maintain current production rates and support StatoilHydro’s rig activities scheduled for the Åsgard field.

"This is the second contract we have signed with StatoilHydro this year for equipment that will support the Åsgard Field,” said Tore Halvorsen, FMC’s Senior Vice President of Global Subsea Production Systems. "We are pleased to assist them in their efforts.”

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 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.