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FMC Technologies receives $33 million subsea equipment order for Statoil's Snorre field

Thursday, Dec 27, 2012

HOUSTON, Dec. 26, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil (NYSE: STO) for the supply of additional subsea equipment for the Snorre field. The order has an estimated value of $33 million in revenue.

Under the terms of the agreement, FMC Technologies will provide 10 production risers and tieback connectors. The equipment is scheduled for delivery in 2015.

"FMC Technologies has been providing subsea equipment for the Snorre development for more than 20 years," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We are pleased to continue to provide equipment and systems that help Statoil with their ongoing development of this field."

Source: FMC Technologies, Inc.

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