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Timothy Smith

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Timothy Smith

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Saturday, 09/19/2015 1:14:13 AM

Saturday, September 19, 2015 1:14:13 AM

Post# of 35
FMC Technologies (NYSE:FTI) says it has won a $172M contract from Statoil to supply subsea equipment on the Johan Sverdrup field offshore Norway, as well as optional deals for further similar deliveries both on the giant project and other field projects.

Johan Sverdrup is the largest offshore oil find in Norway in 30 years, holding 1.7B-3B boe, and is expected to produce 550K-650K boe/day when fully developed; production is scheduled to start in late 2019.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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