FMC Technologies to Supply Subsea System for Petrobras’ Mexilhão Field
Houston, TX, November 06, 2006 - FMC Technologies, Inc. (NYSE: FTI) announced that is has been chosen to supply the subsea gas production system for Petrobras’ Mexilhão field offshore Brazil. The project has a value of approximately $122 million in revenue to FMC Technologies.
The scope of supply includes 6 subsea trees, 2 subsea manifolds with multiplexed controls and related subsea systems. Field requirements include a subsea system rated for 10,000 psi and high temperatures to 300°F. Equipment for this project will be engineered and manufactured at FMC Technologies’ facility in Rio de Janeiro. Deliveries are slated for 2008.
“Petrobras’ selection of FMC Technologies for the Mexilhão project reflects the strength of our relationship,” said Peter D. Kinnear, President, FMC Technologies. “We are pleased to be chosen by Petrobras to supply the systems for this gas production project.”
The Mexilhão field is located in the Santos Basin, São Paulo State, about 160 kilometers offshore and water depths of 320 to 550 meters.
With two facilities in Rio de Janeiro and one service base in Macaé, FMC Technologies’ capabilities in Brazil include local engineering, project management, manufacturing, integration testing, installation and customer support.
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 11,000 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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