FMC Technologies, Inc. (NYSE:FTI) announced today that its global
standard enhanced vertical deepwater tree system was used to set a new
subsea deepwater completion record of 9,356 feet. The world record depth
was achieved at the Shell-operated Silvertip field, part of the Perdido
Development located in the Gulf of Mexico. FMC’s previously established
record depth of 8,995 feet, also in the Gulf of Mexico, was set in July
2007 with Anadarko’s Independence Hub project.
Shell operates the Perdido Area Development on behalf of partners
Chevron and BP. The development includes the Great White and Tobago
fields, as well as the Silvertip field that is located on Alaminos
Canyon Block 815. FMC’s overall scope of supply for the Perdido Area
Development includes 17 subsea trees pressure rated at 10,000 psi, five
subsea caisson separation and boosting systems, two subsea manifolds,
topside and subsea controls and related subsea equipment.
The new record depth was achieved following the installation of an
enhanced vertical deepwater tree, a subsea tree technology that earned
FMC the 2008 Spotlight on Technology Award at this year’s Offshore
Technology Conference in Houston. The enhanced vertical deepwater tree
offers a global standard for vertical completion systems and contains a
number of innovative features that provide versatility, installation
savings, and operational efficiencies in ultra-deepwater field
development.
"Achieving this milestone is an important accomplishment for the FMC and
Shell teams,” said John Gremp, Executive Vice President of FMC
Technologies. "Deepwater development continues to play a significant
role in the future of energy production, and we are pleased that our
innovative technologies remain instrumental in the advancement of
deepwater projects.”
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.