FMC Technologies Receives $38 Million Order from StatoilHydro for Troll B Gas Injection Project
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FMC Technologies, Inc. (NYSE:FTI) announced today that it received an
award from StatoilHydro to supply subsea equipment for its Troll B gas
injection project in the Norwegian North Sea.
The contract is valued at approximately $38 million and includes two
subsea trees and associated flow base systems, wellheads, tubing hangers
and related control and communication systems. All equipment will be
manufactured at FMC’s Kongsberg, Norway and
Dunfermline, Scotland operations with deliveries expected to commence in
early 2010.
Tore Halvorsen, FMC’s Senior Vice President of
Global Subsea Production Systems, commented, "StatoilHydro
recently announced their intent to employ a gas injection system in an
effort to increase oil recovery on the Troll B platform by as much as 17
million barrels, and we are pleased to be a part of this important
project.” FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of
technology solutions for the energy industry and other industrial
markets. 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. The Company also produces food processing
equipment for the food industry and specialized equipment to service the
aviation industry. Named by FORTUNE Magazine as America’s
Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and
2008, FMC Technologies employs approximately 13,000 people and operates
33 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.
