FMC Technologies to Supply SOFEC® Disconnectable Internal Turret Mooring to MODEC
Houston, TX, July 10, 2006 - FMC Technologies (NYSE: FTI) announced today it has been awarded a contract by MODEC Inc. for the supply of a turret mooring system for a floating, production, storage and offloading system (FPSO) for the Stybarrow field, offshore northwestern Australia. The value of this contract is approximately $62 million in revenue.
The Stybarrow FPSO will be operated by BHP Billiton and will be capable of receiving up to 80,000 barrels of oil per day and storing approximately 900,000 barrels of oil. The SOFEC® disconnectable internal turret mooring system will have 12 risers and umbilicals that will be installed in 2,706 ft (825 m) of water.
“FMC Technologies is pleased to be working with MODEC and BHP Billiton,” said Peter Kinnear, President, FMC Technologies. “This will be the third SOFEC mooring system installed in Australia and the twenty first FPSO/FSO project completed jointly by FMC Technologies and MODEC.”
For more on the SOFEC mooring systems, please visit www.fmctechnologies.com/mooring.
FMC Technologies, Inc. (www.fmctechnologies.com) is a global leader providing mission-critical technology solutions for the energy, food processing and air transportation industries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products for its customers through its Energy Systems (comprising Energy Production Systems and Energy Processing Systems), FoodTech and Airport Systems businesses. FMC Technologies employs approximately 10,000 people and operates 32 manufacturing facilities in 17 countries.
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond the Company’s ability to control. These risks and uncertainties are described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005 and may be modified in subsequent periodic reports filed by the Company with the Securities and Exchange Commission that may be accessed on the Company’s website. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.
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