Loading...
Loading...
FMC Technologies, Inc.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in