Contract Awards: FMC Technologies Receives $90 Million Subsea Equipment Order

Posted on 11.09.2013 - 05:30 EDT in CONTRACT AWARDS by jamesmc

FMC Technologies, Inc. (NYSE: FTI) announced that it has received an order from Statoil (NYSE: STO) for subsea equipment for the Gullfaks Rimfaksdalen project. The order has an estimated value of $90 million in revenue.

FMC Technologies' scope of supply includes subsea trees, wellheads, a manifold, control systems integration and other associated equipment.

"FMC Technologies is pleased to provide Statoil with the subea equipment needed to develop the Gullfaks Rimfaksdalen project," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "This is an additional call-off related to last year's award for the Gullfaks field and we are pleased to continue supporting this development."