FMC Technologies, Inc. (FTI): FMC Snags Subsea System Orders for BP's...

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Thursday, 02/19/2009 4:26:55 PM

Thursday, February 19, 2009 4:26:55 PM

FMC Snags Subsea System Orders for BP's GOM Projects

by Gulf of Mexico Contract Awards News

February 02, 2009

FMC Technologies has received orders from BP for the manufacture and supply of additional subsea systems for their projects in the Gulf of Mexico. The awards, valued at approximately $82 million in revenue, are call-offs from a frame agreement that was signed in November 2006.

Under these call-offs, FMC's scope of supply will consist of nine subsea trees including controls, an installation and workover control system and other related equipment. All equipment will be designed and manufactured at FMC's Houston facility. Deliveries will commence in mid-2009 and will continue through 2011.

"We are pleased to be a part of BP's notable deepwater projects," said John Gremp, Executive Vice President of FMC Technologies. "Today's announcement complements our recent awards from BP for the development of subsea systems for deepwater West Africa."