FMC Technologies To Supply Subsea System For Murphy’s Azurite Project, Offshore, Republic Of The Congo

FMC Technologies, Inc. (NYSE: FTI) announced today that it has been chosen to supply subsea systems for Murphy Oil Corporation’s (NYSE:MUR) Azurite project, located offshore, Republic of the Congo. The contract has a value of approximately $80 million in revenue to FMC Technologies.

FMC Technologies’ scope of supply for the project includes 10 vertical subsea trees, related slimbore wellheads, controls systems and one ten-slot manifold. Deliveries will begin in mid-2008.

“We are pleased to be providing this important subsea system for Murphy Oil’s Azurite project,” said John Gremp, Executive Vice President, FMC Technologies, “and we look forward to working with Murphy in this growing West African market.”

The Azurite project is located in 4600 feet of water, in the Mer Profonde Sud block, offshore Republic of the Congo.