FMC Technoloiges To Supply Subsea Systems For Hydro’s Ormen Lange Southern Field Development
FMC Technologies, Inc. (NYSE: FTI) announced today that it has been chosen to supply the subsea systems for Norsk Hydro’s Ormen Lange Southern Field Development in the Norwegian North Sea. The contract has a value of approximately $166 million in revenue to FMC Technologies.
FMC Technologies’ scope of supply includes six subsea trees, one eight slot manifold with protection structures, related control systems and four pipeline end modules with connection equipment. The systems will be engineered and manufactured at the Company’s facilities in Kongsberg, Norway and Dunfermline, Scotland. Deliveries are scheduled for the second quarter 2009.
“This contract reflects our extensive experience in the North Sea, as well as the strength of our alliance relationship with Hydro,” said John Gremp, Executive Vice President, FMC Technologies. “Through our industry leading technology, we are helping Hydro meet some of its most difficult subsea challenges on this and other projects.”
The Ormen Lange Southern Field Development is an expansion of the Ormen Lange field where FMC Technologies supplied the initial subsea systems. The field is located 120 km (75 miles) off the western coast of Norway at a water depth of 900 meters (2,950 feet).
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