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1918forever

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1918forever

Re: None

Monday, 06/30/2008 11:34:53 PM

Monday, June 30, 2008 11:34:53 PM

Post# of 107353
ConocoPhillips awards $120 million subsea contract to FMC Technologies

http://houston.bizjournals.com/houston/stories/2008/06/30/daily11.html?ana=yfcpc

FMC Technologies Inc. has received a $120 million order from ConocoPhillips to supply equipment and services for a water injection development in the Ekofisk development in the Norwegian North Sea.

Under the contract, Houston-based FMC (NYSE: FTI) will provide project management, engineering, procurement, manufacture and delivery of subsea equipment and offshore support services for eight subsea trees.

The contract with Houston-based ConocoPhillips (NYSE: COP) also has an option for seven more subsea trees and future provisions for up to 50 subsea trees.

The equipment will be manufactured at FMC's operations in Kongsberg, Norway, and Dunfermline, Scotland.

Deliveries are expected to begin in early 2009.

Keep your eye on the prize fellas. Remember "HANS" - 10,000 shares bought in early 2003 @ .50 ($5,000) are now worth $1.6MM.

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