FMC Technologies Receives $36 Million Call-Off from Total

Friday, Aug 20, 2010

FMC Technologies, Inc. (NYSE: FTI) announced today that it has received a call-off order from Total Exploration & Production Angola for the manufacture and supply of additional subsea production equipment. The call-off is for one option included in an existing contract and has a value of approximately $36 million in revenue to FMC Technologies.

(Logo: http://photos.prnewswire.com/prnh/20081222/LAM028LOGO)

(Logo: http://www.newscom.com/cgi-bin/prnh/20081222/LAM028LOGO)

The equipment will support Total E&P Angola's Block 17 development, located offshore Angola. FMC's scope of supply includes the manufacture of four subsea trees, controls and associated equipment. The systems will be manufactured and assembled at FMC's facilities in Dunfermline, Scotland; Kongsberg, Norway; and Luanda, Angola.

"Today's announcement reflects our continued support of Total's projects in Block 17," said Tore Halvorsen, FMC's Senior Vice President of Global Subsea Production Systems. "The zone includes the Girassol, Rosa and Pazflor fields, and we are pleased that our systems and technologies continue to contribute to Total's success."

FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE(R) Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2010, the Company has approximately 10,800 employees and operates 25 production facilities in 15 countries. FMC Technologies 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. For more information visit www.fmctechnologies.com.

 

Source: FMC Technologies