FMC Tech Wins $40M Subsea Controls Order from PT Rajawali Swiber Cakrawala
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with PT Rajawali Swiber Cakrawala (PTRSC) for the manufacture and supply of subsea controls for the South Belut field development. The order has an estimated value of $40 million in revenue.
The field is located in the South Natuna Sea Block B PSC and in water depths of approximately 334 feet (102 meters). This order provides for the supply of a topside and subsea distribution control system and is an extension of the EPC contract with ConocoPhillips. The equipment is scheduled for delivery beginning in the second quarter of 2013 and will be supplied from FMC Technologies' facilities in Malaysia and Norway.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.