FMC Technologies Receives $33M Subsea Equipment Order from Statoil
FMC Technologies (NYSE: FTI) announced today that it has signed an agreement with Statoil (NYSE: STO) for the supply of additional subsea equipment for the Snorre field. The order has an estimated value of $33 million in revenue.
Under the terms of the agreement, FMC Technologies will provide 10 production risers and tieback connectors. The equipment is scheduled for delivery in 2015.
"FMC Technologies has been providing subsea equipment for the Snorre development for more than 20 years," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We are pleased to continue to provide equipment and systems that help Statoil with their ongoing development of this field."
FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 16,800 employees and operates 30 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and