FMC Technologies, Inc. (NYSE: FTI) announced that it has received an order from ConocoPhillips Australia Pty. Ltd. for the supply of subsea equipment for its Bayu Undan Phase 3 project. The order has an estimated value of $26 million.
The Bayu Undan field is located in the Timor Sea, approximately 280 miles (450 kilometers) northwest of Darwin, Australia. FMC Technologies' scope of supply includes subsea trees, wellheads, jumper kits and associated control systems.