Koil Energy Solutions Inc. (KLNG)

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FMC's Deepwater Subsea Tree System Used to Set Silvertip Drilling Record

by FMC Technologies, Inc.
December 02, 2008


FMC Technologies announced today that its global standard enhanced vertical deepwater tree system was used to set a new subsea deepwater completion record of 9,356 feet. The world record depth was achieved at the Shell-operated Silvertip field, part of the Perdido Development located in the Gulf of Mexico. FMC's previously established record depth of 8,995 feet, also in the Gulf of Mexico, was set in July 2007 with Anadarko's Independence Hub project.

Shell operates the Perdido Area Development on behalf of partners Chevron and BP. The development includes the Great White and Tobago fields, as well as the Silvertip field that is located on Alaminos Canyon Block 815. FMC's overall scope of supply for the Perdido Area Development includes 17 subsea trees pressure rated at 10,000 psi, five subsea caisson separation and boosting systems, two subsea manifolds, topside and subsea controls and related subsea equipment.

The new record depth was achieved following the installation of an enhanced vertical deepwater tree, a subsea tree technology that earned FMC the 2008 Spotlight on Technology Award at this year's Offshore Technology Conference in Houston. The enhanced vertical deepwater tree offers a global standard for vertical completion systems and contains a number of innovative features that provide versatility, installation savings, and operational efficiencies in ultra-deepwater field development.

"Achieving this milestone is an important accomplishment for the FMC and Shell teams," said John Gremp, Executive Vice President of FMC Technologies. "Deepwater development continues to play a significant role in the future of energy production, and we are pleased that our innovative technologies remain instrumental in the advancement of deepwater projects